BW Offshore has signed an interim extension agreement for floating production, storage and offloading (FPSO) vessel Abo with Eni subsidiary Nigerian Agip Exploration, until 31 March this year.
The short-term extension has been agreed to secure operational continuity while joint work is continuing to conclude the negotiations.
The Abo field came onstream, in 500-800m deepwater offshore Nigeria, in 2003, using the Abo FPSO. It was the first producing deepwater field offshore Nigeria.
The Abo FPSO has a storage capacity of 900,000 bbl of oil and oil treatment capacity of up to 45,000 bo/d, a water injection capacity of 30,000 b/d and a gas injection capacity of 35 MMscf/d.