Oslo: BW Offshore has announced that Brazilian oil and gas company PetroRio has signed a one-year charter extension for FPSO Polvo.
The FPSO has been in the Polvo oil field since 2007, and was originally contracted to BP in Brazil. PetroRio took over operations of the field in 2014, and extended the charter to the third quarter of 2015.
The extension is through to the third quarter of 2016, and includes options until Q3 2022.