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The FPSO Operator, BW Offshore, Signed a Contract with PetroRio for a One-Year Extension for the Charter and Operation of the Polvo FPSO in Brazilian Waters Today
The contract period between PetroRio and BW Offshore has been extended from Q3 2020 to Q3 2021, with options until Q3 2022 for the Polvo FPSO, located in the Campos Basin, the company reported last Saturday (11).
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The contract has been extended several times since the original contract ended in 2014, and this extension represents the seventh extension, with the FPSO operating in the Polvo field in the Campos Basin, Brazil, throughout the period. The sixth previous extension was agreed in January 2019.
About BW Offshore’s Operations in Brazil
BW Offshore is operating the Polvo FPSO in the Polvo field operated by PetroRio, located in the Campos Basin, off the coast of Brazil, approximately 100 kilometers from the coast of Rio de Janeiro, in water depths of about 100 meters.
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The field was developed with a fixed platform, known as Polvo A, and the Polvo FPSO, capable of handling a daily oil production of 90,000 barrels per day, with a storage capacity of 1.6 million barrels.
