BW Offshore agrees FPSO Abo extension
- Business & Finance
FPSO operator BW Offshore has signed an extension agreement for the lease and operation of the FPSO Abo with Nigerian Agip Exploration Ltd, a subsidiary of Italy’s ENI S.p.A.
After several temporary extensions, the extension with Agip is now until March 31, 2018, with options until 2023.
The duo has been working on this long-term deal since the end of 2016.
Abo FPSO has a storage capacity of 930,000 barrels of oil and oil treatment capacity of up to 45,000 bopd, a water injection capacity of 30,000 bwpd and a gas compression capacity of 48,4 mmscfd.
The FPSO Abo has been working on the Abo field offshore Nigeria with Agip since the beginning of production in 2003. The field is located in the OML 125 license some 40 kilometers off the Nigerian coast on the western edge of the Niger Delta, at a water depth of 550 m to 1,100 m.
Agip Exploration is the operator of the field with 85 percent interest and Oando is the partner with 15 percent interest.
Offshore Energy Today Staff