BW Offshore Nabs Coveted Barossa FPSO Contract
–Journal of Petroleum Technology
Santos awarded BW Offshore a contract for the construction, connection, and operation of a floating production, storage, and offloading (FPSO) vessel for the multibillion-dollar Barossa gas and condensate development offshore Australia. The BW Offshore win displaces rival MODEC, which was awarded a contract to supply the vessel in October 2019 when ConocoPhillips controlled the project. Santos purchased the US-based explorer's interest in Barossa as part of a larger acquisition around the same time. A planned second quarter 2020 final investment decision (FID) on Barossa was delayed to due the impacts of COVID-19 and other economic concerns. The lease and operate contract has a firm period of 15 years, with 10 years of options.
Journal of Petroleum Technology
March, 2021
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