BW Offshore announced Friday that it has come to an agreement with Ithaca Energy to demobilize the FPSO BW Athena in February 2016.
BW Athena has had an uptime of 98 percent since the commencement of first oil at the Athena field in May 2012. The FPSO first operated under a three year contract, which was extended with a contract that included a mutual termination right. The Athena field is located in the Moray Firth area of the UK Continental Shelf.
Following the demobilization of the BW Athena, which has an oil processing capacity of 28,000 barrels per day, the FPSO is now “marketed for new opportunities”, according to a BW statement.
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