BW Santos FPSO
Nov 16 (LNGJ) - BW Offshore reported third-quarter net profits of US$28.9 million, up from US$10.9M in the previous quarter, as it continued to execute the Barossa floating production, storage and offloading (FPSO) platform project work as part of the Darwin LNG lifespan extension in the Australian Northern Territory with overall completion at 77.2 percent in line with the schedule.
BW said the FPSO, which is destined for the Australian LNG project run by Santos, was currently on its way to Singapore following completion of the hull at the shipyard in South Korea. BW explained that. lifting and installation of the topside modules was set to commence at the integration yard in Singapore. “We see a continued strong FPSO market with oil and gas companies seeking efficient solutions for safe, secure and reliable production. We are selectively maturing projects that meet our criteria,” said Marco Beenen, Chief Executive of BW Offshore. “Operationally we have full focus on delivering the ‘BW Opal’ per plan for the Barossa project and maintaining high operational uptime on our core assets,” Beenen added.
