EnergyWatch

BW Offshore finalizes acquisition of African oil field

BW Offshore, which operates a fleet of FPSO vessels, has now closed the deal to purchase 66.66 percent of an oil field in Gabon. The company is already negotiating to increase this stake with another 25 percent.

Photo: BW Offshore

BW Offshore has now finalized the acquisition of an oil field off of Gabon. The deal was announced last December but has now been closed.

The transaction means that BW Offshore and parent company BW Group will purchase a total of 66.66 percent of the oil field Dussafu. The remainder is owned by Panoro Energy ASA, according to a press release.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vestas awaits clarity on major US green energy funding

After a second quarter that, to put it mildly, was disappointing on order intake, the Danish wind turbine manufacturer intends to maintain its price strategy. Major green energy funding from the US spells promise, but Vestas is waiting for final clarity.

Media: Russia blocks Western utilities' asset sales

According to Russian media Kommersant, the country’s authorities have frozen divestments of, among others, Enel and Fortum’s power plants and wind farms. The Finnish utility is analyzing the situation, however without confirming implication.

Further reading

Related articles

Latest News

See all jobs