BW Offshore

BW Offshore

Infobox Company
company_name = BW Offshore ASA
company_
company_type = Public (ose|BWO)
foundation = 1982
location = Oslo, Norway
key_people = Carl K. Arnet (CEO)
area_served =
industry = Petroleum
products = FPSO
revenue = profit USD 662.6 million (2007)
operating_income = profit USD 81.1 million (2007)
net_income = profit USD 54.6 million (2007)
num_employees = 1,200
parent =
subsid = Advanced Production and Loading (APL) [http://www.apl.no]
homepage = [http://www.bwoffshore.com www.bwoffshore.com]
footnotes =

BW Offshore (ose|BWO), previously known as Bergesen Worldwide Offshore is a Norwegian operator of Floating Production Storage and Offloading (FPSO). It is currently one of the leading Floating Production Storage and Offloading (FPSO) contractors in the world with its fleet of vessels operating across the globe. The company is part of the Bergesen Worldwide Group and is listed on Oslo Stock Exchange. The company has its headquarters in Oslo, Norway but operates internationally.

The company has operations in Malaysia, Mauritania, Mexico, Nigeria and Russia with a total of 12 FPSO vessels.

History

Bergesen Worldwide Offshore was originally part of the company Bergesen d.y. ASA who acquired its first FPSO Berge Sisar in 1982 and installed it off Angola. Since then acquired numerous FPSO's until 2001 when it left the North Sea and entered exclusively other areas. In 2003 Bergesen was merged with World-Wide Shipping and became Bergesen Worldwide. The company was listed on Oslo Stock Exchange in 2005. The company has been renamed to BW Offshore operating under its parent company BW Group.

BW Offshore is currently the largest shareholder of Prosafe Production, the spun-off FPSO division of Prosafe holding approximately 24 percent shares.

Presence and Units

As of December 31, 2007, BW Offshore owned a fleet of 12 vessels. It has operations primarily in offshore waters in Nigeria, Mauritania, and Russia, as well as in Malaysia and Mexico.

BW Offshore has been selected for the conversion, installation and operation of an FPSO at the Chinook and Cascade fields in the Gulf of Mexico in Walker Ridge Block 469 and Walker Ridge Block 206, respectively. The FPSO will be installed on the field with a water depth of 2,600 meters, probably the deepest water depth on which an FPSO has ever been installed. In June of the same year, they delivered the first FPSO ever in the Gulf of Mexico to the Mexican State owned oil company, Pemex further strengthening its position in the typhoon prone region.

Fleet:
* Sendje Berge
* Berge Helene
* YÙUM K'AK'NÀAB
* BW Nisa
* BW Peace
* Berge Okoloba Toru
* Belokamenka
* BW Endeavour
* BW Carmen
* Tiara
* BW Pioneer

Advanced Production and Loading (APL)

In year 2007, BW Offshore acquired the ownership of Advanced Production and Loading (APL), making the company its technology division. APL which is based in Arendal, Norway and is a market leader in the development, fabrication and sale of advanced systems for the offshore production, specialising in storage and transport of oil and gas by ships. It has delivered solutions for production vessels, storage vessels and tankers in a wide range of field developments. APL`s technology has been selected as a mooring solution for production vessels, storage vessels and oil tankers in a wide range of field developments in the North Sea, Africa, Asia, Oceania, Russia, Latin-America, and the USA.

In year 2006, APL ventured into FPSO contracting by establishing Nexus Floating Production.

ee also

* BW Group [http://www.bwgroup.net]
* Advanced Production and Loading (APL) [http://www.apl.no]
* Nexus Floating Production [http://www.nexusfp.no/]


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