FPSO operator BW Offshore has signed an interim extension agreement for the Abo FPSO with Italian oil major Eni.
BW Offshore said last Saturday that the extension was signed with Eni’s subsidiary, Nigerian Agip Exploration Ltd.
The interim extension agreement will keep the Abo FPSO with Agip Exploration until April 30, 2018.
It is worth noting that the short-term extension was agreed to secure operational continuity while joint work was continuing to conclude the negotiations.
The last extension for the FPSO was agreed in April 2017 also after temporary extensions. The contract for the vessel was signed until March 31, 2018, with options until 2023.
Abo FPSO has a storage capacity of 930,000 barrels of oil and oil treatment capacity of up to 45,000 bopd, a water injection capacity of 30,000 bwpd and a gas compression capacity of 48,4 mmscfd.
The FPSO Abo has been working on the Abo field offshore Nigeria with Agip since the beginning of production in 2003. The field is located in the OML 125 license some 40 kilometers off the Nigerian coast on the western edge of the Niger Delta, at a water depth of 550 m to 1,100 m.
Agip Exploration is the operator of the field with 85 percent interest and Oando is the partner with 15 percent interest.