FPSO provider BW Offshore has secured another contract extension with Eni for one of its floating, production, storage and offloading (FPSO) vessels, which will continue carrying out operations on a field located offshore Nigeria.
BW Offshore reported on Thursday that it was awarded an extension for Abo FPSO by Nigerian Agip Exploration, a subsidiary of the Italian oil company Eni. The extension stipulates that the FPSO will work on the Abo field until the end of the fourth quarter of 2022.
Previously owned by Prosafe, the Abo FPSO was converted in 2002 from 1976-built single-hull Suezmax tanker Grey Warrior into an FPSO by Singapore’s Keppel Shipyard.
With a storage capacity of 930,000 barrels of oil, the Abo FPSO has an oil treatment capacity of up to 45,000 bopd. Its water injection capacity is 30,000 bwpd, while it also has a gas compression capacity of 48,4 mmscfd.
It is worth noting that this FPSO has been working on the Abo field with Eni’s Agip since the beginning of production in 2003, while the previous extension , which was agreed back in January 2021, expired at the end of the fourth quarter of 2021.
The Abo field is located in the OML 125 license some 40 kilometres off the Nigerian coast on the western edge of the Niger Delta, at a water depth of 550 m to 1,100 m. It covers an area of 1,983 km² (490,010 acres) and contains light sweet crude oil (typically 39° to 41° API) and natural gas.
The licence includes three fields – Abo, Abo North and Okodo – and has eight producing wells, two water injectors and two gas injectors. These wells are tied back to the Abo FPSO. Agip is the operator with 85 per cent working interest, while Oando Energy Resources holds the remaining 15 per cent.