Floater owner BW Offshore revealed Friday AWE had extended its lease on the Umuroa FPSO for a further year, until the fourth quarter of 2016.
The floater as began producing at Tui in 2007 and AWE still has remaining extension options on the vessel which could see it remain at the field until the end of 2022.
AWE operates the Tui oil project with a 57.7%
