BW Pioneer Stays with Petrobras Until 2020; Gets Mooring Fix

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

The FPSO is deployed at Cascade and Chinook fields in the U.S Gulf of Mexico since 2012.  It has a capacity to process 80,000 barrels of oil and 500 Mcm/d.

BW Offshore will in Q2 2016 replace parts of the subsea mooring system for the FPSO BW Pioneer.

The cost for the replacement will be partly covered by insurance, the company said.

During the replacement, the FPSO will be disconnected. The replacement campaign is expected to result in approximately two months of downtime.

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