The owner and operator of floating production storage and offloading (FPSO) vessels BW Offshore has received a one-year contract extension for the lease of one of vessels from Vaalco Energy.

The Oslo Stock Exchange-listed company said in a press note that it won an extension for the lease and operation of the FPSO Petróleo Nautipa.

The FPSO vessel is currently operating on the Etame field offshore Gabon for Vaalco Energy.

The firm period has been extended to Q3 2021 (from Q3 2020), with options until Q3 2022, said BW Offshore.

The FPSO Petróleo Nautipa has been working for Vaalco at the Etame field since 2002.