BW Offshore awarded FPSO contract extension

BW Offshore awarded FPSO contract extension

BW Offshore has announced that CNR International (Cote D’Ivoire) has exercised the option to extend the fixed term on the lease contract for FPSO Espoir Ivoirien from 2017 to 2022.

The terms are based on existing extension options, with some adjustments for life extension investment scope, delivering cost savings for both parties.

CNR International still has options available on the FPSO through to 2036.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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