
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 year from the third quarter of 2019, and PetroRio has options running through to the third quarter of 2022.
The 2007-built FPSO is located in the Polvo field in the Campos basin, around 100km off the coast of Rio de Janeiro.