Floater specialist BW Offshore has agreed a one-month charter extension with Eni’s Nigerian arm Agip Exploration for the Abo floating production storage and offloading (FPSO) vessel.
The Oslo-listed company said the charter for the 1976-built vessel had been extended until July 31, 2023.
The FPSO has been operating on the Abo field since the beginning of production in 2003. The field sits in the OML 125 license, some 40 km off the Nigerian coast on the western edge of the Niger Delta, at a water depth of 550 m to 1,100 m.
The license has three fields – Abo, Abo North, and Okodo – with eight producing wells all tied back to the Abo FPSO. It has a storage capacity of 930,000 barrels of oil and an oil treatment capacity of up to 45,000 bopd.
The Abo FPSO has been signing short-term extensions since the beginning of the year. The extensions were sometimes just for a few days, weeks or a couple of months. The last year-long contract was from January 2022 until January 2023.
Recently, BW Offshore has sold several of its FPSOs located in Africa. It offloaded its FPSO BW Athena in late April, the BW Opportunity a month earlier, and the FPSO Espoir Ivoirien in June.
