Monday 25 April 2016

Petrobras America Inc. has exercised the option to extend the fixed term of the lease contract for FPSO BW Pioneer from Q1 2017 to Q1 2020.

BW Offshore will in Q2 2016 replace parts of the subsea mooring system for FPSO BW Pioneer. The cost for the replacement will be partly covered by insurance. During the replacement, the FPSO BW Pioneer will be disconnected. The replacement campaign is expected to result in approximately two months of downtime.