BW Offshore received interim charter extension for FPSO unit Abo

ABO FPSOBW Offshore received interim charter extension for Floating Production, Storage and Offloading (FPSO) unit Abo by Nigerian Agip Exploration, which is subsidiary of Eni S.p.A. The two companies agreed on short term extension until January 20, 2017, aiming to secure operational continuity while joint work is continuing to conclude the negotiations. The interim charter extension will be according to the finance details of the last contract, while currently the both companies are negotiating details of the new partnership agreement. Agip Exploration will have options to extend the FPSO charter for additional seven years.

The Floating Production, Storage and Offloading (FPSO) unit Abo (IMO: 7374046) has a storage capacity of 930,000 barrels of oil and oil treatment capacity of up to 45,000 bopd, a water injection capacity of 30,000 bwpd and a gas compression capacity of 48,4 mmscfd. The vessel has overall length of 280.00 m, beam of 54.00 m and draft of 15.40 m. The deadweight of the FPSO is 155,312 DWT, the gross tonnage is 80,025 GRT and the net tonnage is 48,091 GRT.

BW Offshore is a global owner and operator of floating production storage and offloading vessels for oil and gas industry. The company currently operates a fleet of 14 owned FPSOs and one FSO. It is listed on Oslo Stock Exchange with its headquarters in Singapore and Oslo, Norway but operates internationally.