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BW Offshore’s Polvo FPSO Receives Another Extension from PetroRio

Written by Paulo Nogueira
Published on 13/01/2020 at 08:03
BW Offshore PetroRio FPSO
FPSO Polvo próximo ao Pão de Açúcar
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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.

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.

Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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