BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to third quarter 2021 (from third quarter 2020), with options until third quarter 2022. The contract has been extended multiple times since the original firm contract ended in 2014, and this extension represents the 7(th) extension with the FPSO operating on the Polvo field in the Campos basin in Brazil during the whole period.