BW Offshore, a provider of floating production services to the oil and gas industry, has been awarded a one year contract extension for one of its vessels that operates offshore New Zealand.
AWE Limited, an Australian oil and gas exploration and production company, extended the contract for the floating, production, storage and offloading (FPSO) vessel Umuroa from the fourth quarter of 2016 to the fourth quarter of 2017.
The FPSO is operating on the Umuroa field offshore New Zealand. The unit was under a firm contract with the oil and gas company from 2007 till 2015, with extensions up until 2022.
AWE has a 57.5% interest in, and is the operator of the Tui Area oil project in the Taranaki Basin offshore the west coast of the North Island of New Zealand. Oil is produced from four wells at the Tui, Amokura and Pateke oil fields via subsea wells connected to the FPSO Umuroa.
The FPSO has an oil production capacity of 50,000 bbl/d and a storage capacity of 700,000 barrels of stabilized crude oil. Oil production from the field started in April 2015.
Offshore Energy Today Staff