BW Offshore wins FPSO extension off New Zealand
- Business & Finance
Norway-based FPSO provider BW Offshore has received a one-year contract extension for the lease and operation of the floating production storage & offloading (FPSO) vessel Umuroa.
The FPSO is working for Tamarind, an Australasian independent oil and gas company. The firm period has been extended from the fourth quarter of this year to the fourth quarter of 2018, BW Offshore said on Wednesday.
The vessel is operating in the Tui Area oil project in the Taranaki Basin offshore the west coast of the North Island of New Zealand.
The Tui Area Oil Project constitutes three fields, Tui, Amokura and Pateke, which started production on July 30, 2007, and produce from four horizontal wells flowing to a permanently moored FPSO, the Umuroa. The oil is processed on the Umuroa before being exported via export tankers destined for refineries on Australia’s eastern seaboard. The FPSO has a storage capacity of 700,000 barrels of stabilized crude oil.
The Tui area was previously operated by AWE until Tamarind took over operatorship in March this year.
Offshore Energy Today Staff