BW Offshore to spin off BW Energy in Oslo IPO

FPSO leasing specialist BW Offshore is looking to spin off its E&P subsidiary BW Energy as a separate company and is planning to list it on the Oslo Stock Exchange.

BW Offshore plans to establish BW Energy as a separate E&P company and will invite external investors into the company to finance the development of the recently acquired Maromba field offshore Brazil and value-enhancing investments at the Dussafu Marin Permit offshore Gabon,” BW Offshore said on Thursday. BW Offshore established BW Energy back in December 2016 and owns oil and gas in Gabon, Namibia, and Brazil.

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