By Adaobi Rhema Oguejiofor
The Nigerian Agip Exploration (NAE) Limited, a subsidiary of Italy’s oil and gas giant Eni, has implemented another short-term contract extension with Bergesen Worldwide (BW) Offshore Limited, the global owner and operator of floating production, storage and offloading (FPSO) vessels, in order to retain the services of one of its FPSO vessels, which is working on an NAE offshore field in Nigeria.
BW Offshore disclosed that it had signed a new short-term extension for the Abo FPSO, which allows the vessel to work on the Abo field, an operating oil and gas field, until May 31st, 2023.
The FPSO has been executing operations on the Abo field with Eni’s Agip since the beginning of production in 2003 and its previous contract extension with the Company had expired on April 30th, 2023.
The Abo field is located in Oil Mining License (OML) 125, which is about 40 kilometres off the Nigerian coast on the western edge of the Niger Delta. The field covers an area of 1,983 kilometers square (km²), which is equivalent to 490,010 acres in a water depth of 550 to 1,100 metres. The field contains light sweet crude oil and natural gas.
The Abo FPSO comes with a storage capacity of 930,000 barrels of oil, an oil treatment capacity of up to 45,000 barrels per day (bpd), as well as a water injection capacity of 30,000 bpd, and a gas compression capacity of 48.4 million standard cubic feet per day (mmscfd).