BW Offshore Extends Contract for FPSO Polvo

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>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 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 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >