BW Offshore: Double FPSO Contract Extension
BW Offshore, a provider of floating production services to the oil and gas industry, has agreed contract extensions for two of its Floating Production Storage and Offloading units.
The company has secured a nine-month extension for FPSO Abo with Nigerian Agip Exploration Ltd and a three-month extension for FPSO Sendje Berge with Addax Petroleum Exploration.
“These extensions have been agreed to secure operational continuity while joint work to detail longer term programs for investment and production are completed,” BW Offshore said in a press release. The company did not reveal financial details of the contracts.