BW OFFSHORE: CONTEMPLATING FIELD ACQUISITION OFFSHORE BRAZIL
04 Marzo 2019 - 12:30AM
BW Offshore is contemplating to enter into
agreements to acquire 100% of the Maromba field offshore Brazil
from the present owners Petrobras (70%) and Chevron (30%).
Closing of the acquisition is
subject to board approvals and fulfilment or waiver of conditions
precedents, including approval by The Brazilian National Agency of
Petroleum, Natural Gas and Biofuels (ANP) to close the transaction
and deem BW Offshore an approved operator in Brazil.
The Maromba field is located off
the Brazilian coast in the Campos Basin in 160 metres of water
depth, where BW Offshore has extensive operating experience.
The company will provide further
information upon signing of the agreements.
For further information, please
contact:
Knut R. Sæthre, CFO, +47 911 17
876
About BW Offshore:
BW Offshore is a leading provider
of floating production services to the oil and gas industry. The
company also participates in developing proven offshore hydrocarbon
reservoirs. BW Offshore is represented in all major oil and gas
regions world-wide with a fleet of 15 owned FPSOs. The company has
more than 30 years of production track record, having executed 40
FPSO and FSO projects. BW Offshore is listed on the Oslo Stock
Exchange.
This information is subject to the
disclosure requirements pursuant to section 5 -12 of the Norwegian
Securities Trading Act.
This
announcement is distributed by West Corporation on behalf of West
Corporation 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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