BW Offshore signs contract for BW Carmen
(Thomson Reuters ONE) -
NOT FOR PUBLIC DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN
9 September 2010 - BW Offshore has signed the contract for the FPSO BW Carmen
with Ithaca Energy (UK) Ltd and partners. The FPSO will be employed on the
Athena oil field in the UK sector and is expected to commence production during
2H 2011. The contract includes a fixed charter period of three years, plus
options for additional five years.
The Athena Joint Venture Partners are Ithaca Energy (UK) Ltd (operator, 22.5%),
Dyas UK Ltd (47.5%), EWE AG (20.0%) and Zeus Petroleum Limited (10.0%).
BW Carmen (to be renamed "BW Athena") will be upgraded with field specific
equipment, including a Submerged Turret Production (STP) buoy from BW Offshore's
APL division.
The total value of the contract is USD 450-500 million.
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 according to Section
5-12 of the Norwegian Securities Trading Act.
This announcement is not an offer for sale of any securities in the United
States. Securities may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act. BW
Offshore has not registered and does not intend to register any portion of any
offering of shares in the United States or to conduct a public offering of any
securities in the United States.
[HUG#1443389]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: BW Offshore via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 09.09.2010 - 08:21 Uhr
Sprache: Deutsch
News-ID 41827
Anzahl Zeichen: 0
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 234 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BW Offshore signs contract for BW Carmen"
steht unter der journalistisch-redaktionellen Verantwortung von
BW Offshore (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
