Italy’s Agip will hold on to the 930,000 barrel Abo for afurther six months until the end of the second quarter of next year.

The contract is a temporary measure while the company looksfor a longer term deal, it said in a statement.

BWO did not reveal the terms of the deal.

The company is the world's second largest owner of FPSOswith a fleet of 14 units and one FSO.