BW Offshore: Received First Oil Certificate for BW Catcher FPSO
January 07 2018 - 9:51AM
BW Offshore is pleased to announce that the BW
Catcher FPSO on 6th January 2018
received the First Oil Certificate following the successful
completion of the 72-hour interim performance test subsequent to
the introduction of hydrocarbons on 23rd December
2017.
BW Catcher FPSO is owned and operated by BW
Offshore and the First Oil Certificate confirms the commencement of
a seven-year fixed term contract, with extension options of up to
18 years. The Catcher field partnership is made up of Premier Oil
(50%), Cairn Energy (20%), MOL Group (20%) and Dyas (10%). The unit
has an oil storage capacity of 650,000 barrels and a processing
capacity of up to 60,000 barrels per day. The BW Catcher FPSO has a
design life of 20 years of uninterrupted operations.
For further information, please contact:
Knut R. Sæthre, CFO, +47 911 17 876
IR@bwoffshore.com or www.bwoffshore.com
About BW
Offshore:
BW Offshore is a leading global
provider of floating production services to the oil and gas
industry. BW Offshore has a fleet of 15 owned FPSOs and one FSO
represented in all major oil & gas regions world-wide. BW
Offshore has a long track record on project execution and
operations. In more than 30 years of production, BW Offshore has
executed 38 FPSO and FSO projects. The company is listed on the
Oslo Stock Exchange. Further information is available on
www.bwoffshore.com
This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities Trading
Act)
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BW Offshore via Globenewswire
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