BW Offshore has received a contract extension for the FPSO BW Athena with Ithaca Energy.
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.
June 6, 2014