BW Offshore signs contract for Brazilian FPSO
(Thomson Reuters ONE) -
2 August 2010 - BW Offshore has signed the contract for the completion of the
FPSO OSX-1, a project with an approximate value of the scope of USD 150 million.
BW Offshore will act as the project manager, assisting the owner, a subsidiary
of the Brazilian publicly traded company OSX Brasil S/A, providing engineering
services, detailing the equipment required for the customization activity, and
supporting the procurement process.
The scope of work includes among others topside modifications for heavy oil
processing, water separation and power generation. The scope also includes the
delivery of a Submerged Turret Production (STP) system from APL, a division of
BW Offshore.
The project will be completed mid 2011.
The FPSO will operate for the Brazilian oil company OGX in the Campos Basin
offshore Brasil.
BW Offshore announced the authorisation to proceed on 10 May 2010.
For further information, please contact:
Carl K. Arnet, CEO, +65 9630 3290
Knut R. Sæthre, CFO, +47 9111 7876
About BW Offshore:
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 more than 25 years' experience and has successfully
delivered 14 FPSO projects and 50 turrets and offshore terminals. BW Offshore's
technology division APL 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 a global network
with offices in Europe, Asia Pacific, West Africa and the Americas. BW Offshore
has 1,100 employees and is listed on the Oslo Stock Exchange. For more
information, please visit www.bwoffshore.com and www.apl.no.
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act ("VPHL").
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Source: BW Offshore via Thomson Reuters ONE
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Datum: 02.08.2010 - 08:31 Uhr
Sprache: Deutsch
News-ID 38438
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"BW Offshore signs contract for Brazilian FPSO"
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