BW Offshore Secures Abo FPSO Extension Off Nigeria
- Business & Finance
FPSO specialist BW Offshore has signed an interim extension agreement for Abo FPSO until January 20, 2017.
Abo FPSO is operating at the Abo field offshore Nigeria for Nigerian Agip Oil Company, a wholly owned subsidiary of ENI.
According to BW Offshore, the short term extension has been agreed to secure operational continuity while joint work is continuing to conclude the negotiations.
The Abo field is Nigeria’s first deep-water oil field in water depths ranging from 500 to 800 meters. Development of the field consisted of several subsea wells connected to the Abo FPSO. The Abo FPSO started operations on the Abo field in April 2003.