Brasil: BW Offshore Gets Green Light to Proceed with FPSO OSX-2 Completion

BW Offshore has received an authorization to proceed with the completion of the FPSO OSX-1. The FPSO is owned by OSX and will operate for OGX on the Waimea oil field in the Campos Basin offshore Brasil.

The scope of work includes among others topside modifications and the delivery of a Submerged Turret Production (STP) system from APL, a division of BW Offshore. The value of the total scope is expected to be USD 150 million.

BW Offshore is one of the world’s leading FPSO contractors and a market leader within advanced offshore loading and production systems to the oil and gas industry. BW Offshore has 25 years’ experience and has successfully delivered 15 FPSO projects and more than 50 turrets and offshore terminals.

BW Offshore’s technology division APL is a market leader and has delivered solutions for production vessels, storage vessels and tankers in a wide range of field developments. Adapting through competence, in-house technology, solid project execution and operational excellence, BW Offshore ensures that customer needs are met through versatile solutions for offshore oil and gas projects. BW Offshore has as a global network with offices in Europe, Asia Pacific, West Africa and the Americas. The company has app. 1,100 employees and is listed on the Oslo Stock Exchange with ticker code BWO. BW Offshore is part of the BW Group, one of the world’s largest maritime groups.

[mappress]

Source: Bwoffshore, May 11, 2010;