Extension agreement for Cidade de São Vicente
BW Offshore: Extension agreement for Cidade de São Vicente. (Credit: Free-Photos from Pixabay)
BW Offshore has received a notice from Petrobras that they exercise their right to extend the lease and operation agreement of BW Cidade de São Vicente with 48 days. With this the contract will expire on 11 June 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.
Source: Company Press Release