PetroRio extends BW Offshore FPSO for another year

PetroRio extends BW Offshore FPSO for another year

BW Offshore has reached an agreement with Brazil’s Petrorio to extend the contract for the lease and operation of FPSO Polvo.

The firm period has been extended one year, to the third quarter of 2021, with options until the third quarter of 2022. The contract has been extended multiple times since the original firm contract ended in 2014.

The 2007-built FPSO is located in the Polvo field located in the Campos basin, around 100km off the coast of Rio de Janeiro.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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