BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of FPSO Polvo.

BW Offshore announces contract extension for FPSO Polvo
Caption: Close-up on the Bow of FPSO Polvo

The firm period has been extended to Q3 2020 (from Q3 2019), with options until Q3 2022.

BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore is listed on the Oslo Stock Exchange.

Source: BW Offshore