BW Offshore Inks Contract with Statoil for Operation of FPSO Peregrino (Brazil)

BW Offshore has signed a 5 year contract with Statoil for the operation of the FPSO Peregrino, with options for additional 15 years. The unit is operating on the Peregrino oil field offshore Brazil. BW Offshore will take over operation after a transition period of 6 months.

BW Offshore is the world’s second largest FPSO company, with more than 30 years of experience and operations in 13 countries. The operational performance is class leading with regards to both HSE and production uptime.

BW Offshore has a strong onshore and offshore team in Brazil. From 2013, BW Offshore will operate five FPSOs in Brazil: BW Cidade de São Vicente, Cidade de São Mateus, Polvo, P-63/Papa Terra (owned by Petrobras and Chevron) and FPSO Peregrino (owned by Statoil and Sinochem).

BW Offshore is constantly working on optimising operational and financial performance. The addition of the FPSO Peregrino to the operational fleet will further strengthen BW Offshore’s position.

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Source: BW Offshore, June 12, 2012