BW Offshore has reached an agreement with Brazil’s Petrorio to extend the contract for the lease and operation of FPSO Polvo.
The extension is for one additional year from the third quarter of 2018, and includes options running through to the third quarter of 2022.
The 2007-built FPSO is located in the Polvo field located in the Campos basin, around 100km off the coast of Rio de Janeiro.