Ithaca Extends FPSO BW Athena Contract

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

Ithaca Extends FPSO BW Athena Contract

The primary term of the contract expires in Q2 2015, and Itacha 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 Athena was built in 1994 and converted to an FPSO in 1999.

To remind, BW Offshore signed a contract for the use of the FPSO BW Athena (former BW Carmen) with Ithaca Energy and partners in autumn 2010.

BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore 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.

Press Release, June 06, 2014