Contract Extension for BW Athena

BW Offshore has received a contract extension for the FPSO BW Athena with Ithaca Energy.

The FPSO is employed on the Athena oil field on the UK sector. BW Athena was built in 1994 and converted to an FPSO in 1999.

The primary term of the contract expires in Q2 2015, and Ithaca Energy has exercised the option for a secondary term of up to five years.

Ithaca Energy has the right to terminate the contract on a rolling 12-month notice.

BW Offshore, a provider of floating production services to the oil and gas industry, is the world’s second largest contractor with a fleet of 14 FPSOs and 1 FSO represented in all major oil regions world-wide.

The company also operates additional 2 FPSOs. In more than 30 years of operation, BW Offshore has executed 38 FPSO and FSO projects.

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June 6, 2014