BW Offshore: First oil produced by the BW Catcher FPSO
24 December 2017 - 4:00AM
BW Offshore is pleased to announce
that first oil from the Catcher FPSO was safely achieved on 23
December 2017.
The initial hydrocarbon volumes were produced
following a very effective hook-up and commissioning period. The
FPSO arrived at the Premier Oil-operated Catcher field offshore UK
on 18 October, after sail-away from the Keppel Shipyard in
Singapore in late August and a brief stopover at Nigg.
"The Catcher development project is nearing
completion on time and well within budget. We are very pleased with
the effective hook-up and commissioning, which reflects extensive
preparations through-out the construction phase and a well-planned
offshore installation program," said Carl K. Arnet, the CEO of BW
Offshore.
BW Catcher is owned and operated by BW Offshore
and will commence 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 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
to the disclosure requirements pursuant to section 5 -12 of the
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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