BW Offshore secures FPSO contract extension from Petrobras

Jason Jiang April 23, 2019

1 Less than a minute

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.

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.