BW Offshore Extends Contract for FPSO Polvo

Image Courtesy: BW Offshore

BW Offshore has secured a one-year extension for the lease and operation of the Polvo floating production storage and offloading (FPSO) unit.

Under the terms of the agreement signed with Petrorio, the firm period has been extended from Q3 2018 to Q3 2019, with options until Q3 2022.

FPSO Polvo is a 299,930 cbm FPSO tanker built in Japan in 1981.

Separately, BW Offshore said that the BW Catcher FPSO received the first oil certificate on January 6, 2018. This follows the completion of the 72-hour interim performance test subsequent to the introduction of hydrocarbons on December 23, 2017.

As informed, the certificate confirms the commencement of a seven-year fixed term contract, with extension options of up to 18 years.

Currently, BW Offshore has a fleet of 15 owned FPSOs and one floating storage and offloading (FSO) unit.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2018 >>
MTWTFSS
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 3 4

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >