BW Offshore Inks Contract Extension for FPSO Polvo

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

The firm period has been extended to Q3 2015 (from Q3 2014), with options until Q3 2022.

The Polvo oil field is owned by HRT (operator, 60%) and Maersk (40%). With reference to BW Offshore’s notice to the Oslo Stock Exchange on 13 December 2013, BW Offshore has signed a Letter of Intent to acquire 30% of the Polvo field from HRT.

BW Offshore, January 13, 2014

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >