NIGERIA: BW Offshore Extends Agreement for Abo FPSO

BW Offshore has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until end Q4 2021, with options until Q2 2023.

Abo FPSO has been operating in the Abo field since 2003 and has an oil production capacity of  44,000 bbl/d, water injection capacity of 33,000 bbl/d, gas compression capacity of 48.4 mmscfd and storage capacity of 930,000 bbl.

Abo field is part of the OML 125 located approximately 40 km offshore from the Nigerian coast on the western edge of the Niger Delta, at a water depth of 550 m to 1,100 m. The License covers an area of 1,983 km² (490,010 acres).

Production began from the Abo field in 2003 and the field currently has four producing wells, water injection wells and two gas injection wells.

(15% WI; NAE, operator, 85% WI) is