BW: FPSO & IPO – Growth of an Operator

As war gives oil a jolt, BW Offshore — which earned revenues of $870 million in 2018 — is readying floating production storage and offloading vessel (FPSO) candidates for Brazil and the North Sea, just as its about-to-be-strengthened other half, BW Energy, prepares to “go public” in home market, Norway.

Newly made Brazil operator, BW Energy, will have a decisive advantage in the rush for oil for being able to offer prospective oilfield partners a ready FPSO from the fleet of parent company, BW Offshore. While most exploration and production (E&P) players scramble toward an oilfield and FPSO front end engineering and design (FEED) and look for an Asian yard and (or) tanker hull to convert, BW Energy is showing it can speed to final investment decision (FID).

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