BW Offshore has entered into an agreement with Petrobras for a one-year extension for the lease and operation of FPSO BW Cidade de São Vicente.

The FPSO has been working with Petrobras since 2009, and the latest contract will extend the firm working period to the second quarter of 2020.

Last month, BW Offshore sealed a deal with Petrobras to acquire a 70% stake in the Maromba field, offshore Brazil, for $90m.