BW Offshore FPSO extends lease with Petrobras

Published by Nicholas Woodroof, Editor
Oilfield Technology, Tuesday, 09 June 2020 14:30

BW Offshore has received a notice from Petrobras extending the lease and operation agreement of the FPSO BW Cidade de São Vicente by 120 days. The contract will now expire on 9 October 2020.

BW Offshore has commenced planning for demobilisation of the unit from the field and is considering temporary lay-up in Brazil.

BW Cidade de São Vicente commenced operation for Petrobras in 2009 and has been utilised as a well test facility for the client on multiple locations offshore Brazil.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/09062020/bw-offshore-fpso-extends-lease-with-petrobras/

Wood Mackenzie: UAE exit rattles OPEC’s grip on the oil market and increases risk of medium-term oil price decline from 2027 as market share competition emerges

Thursday 30 April 2026 08:45

The United Arab Emirates' withdrawal from OPEC, effective 1 May 2026, represents the most significant fracture in the organization's 66-year history and increases the risk of oversupply weakening prices, according to analysis published today by Wood Mackenzie.

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