BW Offshore extends lease for FPSO Polvo

Published by Nicholas Woodroof, Editor
Oilfield Technology, Tuesday, 14 January 2020 12:00

BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to 3Q21 (from 3Q20), with options until 3Q22.

The contract has been extended multiple times since the original firm contract ended in 2014, and this extension represents the 7th extension with the FPSO operating on the Polvo field in the Campos Basin in Brazil during the whole period.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/14012020/bw-offshore-extends-lease-for-fpso-polvo/

Petrobras sets new production records at its refineries

Tuesday 08 October 2024 10:30

Petrobras has reported that the Total Utilization Factor (FUT) of its refineries reached 96.8% in September, representing the highest monthly result in 2024.

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