BW Offshore’s Abo FPSO given two-week extension

Floater specialist BW Offshore has agreed a two-week charter extension with Eni’s Nigerian arm Agip Exploration for the Abo floating production storage and offloading (FPSO) vessel.

The Oslo-listed company said the charter for the 1976-built vessel had been extended until August 31, 2023. The previous extension was the same length and ended today.

The Abo FPSO has been signing short-term extensions since the beginning of the year. The extensions were sometimes just for a few days, weeks or a couple of months. The last year-long contract was from January 2022 until January 2023.

The FPSO has been operating on the Abo field since the beginning of production in 2003 some 40 km off the Nigerian coast on the western edge of the Niger Delta.

The license has three fields – Abo, Abo North, and Okodo – with eight producing wells all tied back to the Abo FPSO. It has a storage capacity of 930,000 barrels of oil and an oil treatment capacity of up to 45,000 bopd.

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