One Energy News

Tag: BW Energy

  • BW Energy secures long-term lease for Maromba drilling and wellhead platform

    BW Energy secures long-term lease for Maromba drilling and wellhead platform

    BW Energy has formalised conversion of a short-term lease for Super Gorilla class jack-up rig BW Maromba B into a long-term project lease agreement with Minsheng Financial Leasing Co. Ltd. (MSFL), covering the rig purchase and all costs required to prepare the unit for drilling and production readiness in support of the Maromba field development offshore Brazil.

    The lease arrangement, representing USD 274 million of previously communicated Maromba capital expenditure, provides an efficient financing structure for the project’s development phase, followed by a ten-year lease term. Lease obligations will commence upon first oil, with no payments due before that point, and the agreement features a fixed daily rate of USD 120,500, delivering cost visibility throughout the lease period. 

    BW Maromba B, currently en route from Singapore to Dubai, is scheduled to arrive before year-end for refurbishment and conversion into a fully integrated drilling and production platform. The unit’s recent drilling activity in Australia supports an efficient upgrade and refurbishment programme. Upon completion, the platform will be mobilised to Brazil to begin drilling and completion work under the phased field development plan for Maromba.

    BW Energy CFO Thomas Young said the lease agreement strengthens financial discipline and reflects a strong partnership with MSFL, enabling cost-efficient execution of the Maromba development.

    Stay informed on key offshore developments — visit wsb-one.com, our data platform trusted by leading offshore companies.

  • Investments & Innovation – Rio Pipeline and FPSOs

    Investments & Innovation – Rio Pipeline and FPSOs

    The Rio Pipeline & Logistics 2025 kicked off yesterday (November 9), bringing together leaders from the pipeline, transport and logistics sectors in Rio de Janeiro.

    Organized by the Brazilian Institute of Oil and Gas (IBP), the event runs until Thursday (November 11). At the opening session, IBP President Roberto Ardenghy highlighted the inclusion of logistics in the program and reinforced the importance of an integrated view of the energy chain. One of the major announcements was an investment plan of up to BRL 29 billion in infrastructure.

    Energy transition, technological innovation and the expansion of the gas pipeline network are also at the center of discussions.

    Meanwhile, BW Energy has secured a USD 365 million financing package to refurbish and relocate the FPSO Maromba in the Campos Basin. First oil is expected by the end of 2027, with average production estimated at 60,000 boed. The financing, provided by a consortium of international banks, will cover around 80% of the project cost.

    Stay informed on key offshore developments — visit wsb-one.com, our data platform trusted by leading offshore companies.

  • BW Energy: Golfinho Field

    BW Energy: Golfinho Field

    BW Energy has announced the Final Investment Decision (FID) for a new development at the Golfinho field, targeting increased production, lower operating costs, and an additional 3,000 barrels of oil per day starting in 2027. The company plans to invest approximately USD 107 million in the initiative.

    Located in the Espírito Santo Basin, the Golfinho field sits in water depths ranging from 800 to 1,700 meters. BW Energy has held 100% ownership and operatorship of the asset since 2023. Production is handled via the FPSO Cidade de Vitória, also owned by BW Energy.