BW Offshore: Extension agreement for Cidade de São Vicente
June 06 2020 - 11:00AM
BW Offshore: Extension agreement for Cidade de São Vicente
Extension agreement for Cidade de São
Vicente
BW Offshore has received a notice from Petrobras extending the
lease and operation agreement of BW Cidade de São Vicente with 120
days. With this the contract will 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.
For further information, please contact:Ståle
Andreassen, CFO, +65 97 27 86 47Anders S. Platou, Head of Corporate
Finance, +47 99 50 47 40
IR@bwoffshore.com or www.bwoffshore.com
About BW Offshore:
BW Offshore is a leading provider of floating
production services to the oil and gas industry. The company also
participates in developing proven offshore hydrocarbon reservoirs.
BW Offshore is represented in all major oil and gas regions
world-wide with a fleet of 15 owned FPSOs. The company has more
than 35 years of production track record, having executed 40 FPSO
and FSO projects. BW Offshore is listed on the Oslo Stock
Exchange.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act