BW Offshore expects stronger 2018
BW Offshore had a profitable 2017, producing first oil on a prestige project late in the year. The company has kicked off 2018 on a more solid platform and can benefit from a stronger market, says CEO.
BY KATRINE GRØNVALD RAUN, SHIPPINGWATCH
In December, it happened. BW Offshore's new vessel BW Catcher produced first oil for Premier Oil in UK waters on a contract that is so far worth USD 2.3 billion. CFO Knut Sæthre describes the event as a milestone for the carrier.
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