BW Offshore extends lease for FPSO Polvo
The firm period agreed with PetroRio for the lease and operation of the FPSO Polvo has been extended to 3Q21 (from 3Q20), with options until 3Q22.
The firm period agreed with PetroRio for the lease and operation of the FPSO Polvo has been extended to 3Q21 (from 3Q20), with options until 3Q22.
The consent applies to the drilling and completion of two wells on the Bauge field in production licence 348.
The contract is expected to commence in August 2020 and run through April 2022 with an option to extend.
The company was drilling northwest of the Balder field in the central part of the North Sea when it made the discovery of several oil and gas-bearing intervals.