BW Offshore to Supply FPSO for the Barossa Gas Field

Source: www.gulfoilandgas.com 3/30/2021, Location: Not categorized

With reference to the stock exchange release dated 23 March 2021.

BW Offshore has announced that Santos and its partners have made Final Investment Decision (FID) for development of the Barossa gas field 300 kms offshore Darwin in Australia. The FID confirms BW Offshore's contract for the supply of the FPSO to the Barossa gas field is effective as of 30 March 2021.

The Lease and Operate contract has a firm period of 15 years, with 10 years of options. The firm period contract value is USD 4.6 billion. BW Offshore will be responsible for engineering, procurement, construction, installation, and operation of the FPSO. The FPSO will be turret moored with a new built hull based on BW Offshore's RapidFramework® design. Initial gas production from the FPSO is expected during the first half of 2025.


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