Table of Contents
Table of Contents 3
List of Tables 5
List of Figures 5
BW Offshore Ltd, Oil & Gas, Deals By Year, 2012 to YTD 2018 6
BW Offshore Ltd, Oil & Gas Deals By Type, 2012 to YTD 2018 7
BW Offshore Ltd, Oil & Gas, Deals By Region, 2012 to YTD 2018 8
BW Offshore Ltd, Oil & Gas, Deals By Sector, 2012 to YTD 2018 9
BW Offshore Ltd, Oil & Gas, Deals Summary, 2012 to YTD 2018 10
BW Offshore Ltd, Oil & Gas, Deal Details 11
Asset Purchase 11
BW Energy Completes Acquisition Of Additional 25% Interest In Dussafu PSC, Offshore Gabon From Panoro Energy For US$12 Million 11
BW Offshore Completes Acquisition Of 56% Stake In Kudu Field, Offshore Namibia From NAMCOR For US$2.4 Million 13
BW Offshore Acquires Blue Opal Tanker From Daewoo Shipbuilding For US$83.4 Million 15
Equity Offering 16
BW Offshore Completes Private Placement Of Shares For US$36 Million 16
BW Offshore Completes Private Placement Of Preference Shares For US$275 Million 17
BW Offshore Completes Rights Offering Of Shares For US$101.2 Million 18
Debt Offering 19
BW Offshore Completes Public Offering Of Bonds, Due 2020, For US$114 Million 19
BW Offshore Completes Public Offering Of Bond Due 2019 For US$123.9 Million 20
BW Offshore Completes Public Offering Of Bond For US$87 Million 21
BW Offshore Completes Private Placement Of Bonds Due March 2017 For US$89.9 million (MM) 22
Asset Transactions 23
BW Group Acquires VLCC, BW Opal From BW Offshore For US$85.5 Million 23
Apache Energy Acquires FPSO Ningaloo Vision From BW Offshore For US$185 Million 24
Acquisition 25
BW Energy Completes Acquisition Of 100% Stake In Harvest Dussafu From HNR Energia For US$32 Million 25
BW Offshore Completes Acquisition Of Remaining 50% Joint Venture Stake In Tinworth From Yinson Holdings For US$59.3 Million 26
BW Offshore Ltd – Key Competitors 27
BW Offshore Ltd – Key Employees 28
BW Offshore Ltd – Locations And Subsidiaries 29
Head Office 29
Other Locations & Subsidiaries 29
Recent Developments 31
Strategy and Business Expansion 31
Sep 12, 2017: Borr Drilling Has Accepted A Letter Of Intent From BW Energy Dussafu 31
May 05, 2017: BW Offshore Receives Sendje Berge Termination Notice 32
Apr 07, 2017: BW Offshore: Signed Cooperation Agreement With ICBC Financial Leasing 33
Feb 22, 2017: Panoro Energy signs sale and purchase agreement with BW Energy Gabon 34
Drilling and Production Updates 35
Sep 27, 2018: BW Offshore announces successful completion of appraisal well on Ruche North East 35
Jun 26, 2018: BW Offshore Provides Update On Second Production Well At Tortue Field 36
May 14, 2018: BW Offshore Provides Update On Tortue field, Gabon 37
Financial Announcements 38
Aug 31, 2018: BW Offshore announces Condensed interim consolidated financial information for Q2 2018 38
May 30, 2018: BW Offshore: Q1 2018 – Condensed Interim Consolidated Financial Information 42
Feb 22, 2018: BW Offshore Announces Fourth Quarter And Full Year Results 2017 43
Nov 24, 2017: BW Offshore Announces Q3 2017 Results 48
Aug 29, 2017: BW Offshore Announces Q2 2017 Condensed Interim Consolidated Financial Information 51
Feb 28, 2017: BW Offshore Condensed Interim Consolidated Financial Information For Fourth Quarter And Full Year Results 2016 55
Feb 23, 2017: Panoro Energy Announces Fourth Quarter 2016 Results And Provides Operations And Corporate Updates 59
Other Significant Developments 66
Oct 15, 2018: BW Offshore: Resignation of Board Member 66
Sep 17, 2018: Panoro achieves first oil production at Tortue, Dussafu 67
Sep 17, 2018: BW Offshore: First Oil produced by BW Adolo FPSO 68
Sep 10, 2018: Innovations extending the life, and worth, of offshore oil projects 69
Aug 02, 2018: Oil giants form tech collaboration to unlock small North Sea pools 71
Jul 12, 2018: BW Offshore: BW Catcher Update 72
Jul 01, 2018: BW Offshore Announces Sail Away Of FPSO BW Adolo 73
May 16, 2018: BW Offshore Provides BW Catcher Update 74
May 10, 2018: Calima Awarded 56% Interest And Operatorship Of Exploration Block In Orange River Basin Of Southern Namibia 75
Apr 09, 2018: BW Offshore Announces Successful Completion Of First Development Well Offshore Gabon 77
Mar 13, 2018: BW Offshore: Petrobras Declares FPSO Cidade De Sao Mateus Option 78
Mar 06, 2018: Tamarind Intends To Commence Drilling Project In Tui Field In Early 2019 79
Mar 01, 2018: Panoro Energy Provides Operations Update 80
Jan 08, 2018: BW Offshore: Company Presentation Providing An Update On Oil Gas Segment 84
Jan 07, 2018: BW Offshore receives first oil certificate for BW Catcher FPSO 85
Dec 23, 2017: BW Offshore announces first oil production from Catcher FPSO 86
Nov 21, 2017: Global Energy: Port Of Nigg Welcome BW Catcher FPSO 87
Oct 23, 2017: BW Offshore Provides Update On Catcher Development 88
Aug 31, 2017: IHI: Delivery Of FPSO Hull For BW Offshore 89
Aug 29, 2017: Premier Oil: BW Catcher Sail-Away 90
Aug 26, 2017: BW Offshore’s vessel departs from Singapore 91
Aug 21, 2017: BW Offshore: Catcher Chemical Permit And Oil Discharge Permit Public Notice 92
Apr 28, 2017: Keppel Shipyard To Deliver Twelfth FPSO To BW Offshore 93
Mar 30, 2017: TMC Completes Catcher Compressor Delivery 94
Mar 01, 2017: BW Offshore: Sendje Berge Arbitration 95
Feb 28, 2017: BW Offshore: Sendje Berge Successful Arbitration Award 96
Feb 14, 2017: WFW advising BW Offshore on deal for Namibia’s Kudu field 97
Jan 04, 2017: BW Offshore: Agreement For Insurance Settlement For The FPSO Cidade De Sao Mateus 98
New Contracts Announcements 99
Jun 30, 2018: BW Offshore: Contract Extension For FPSO Umuroa 99
May 16, 2018: PG To Supply Polvo FPSO Pumps 100
May 01, 2018: BW Offshore Signs Extension Agreement With Agip Exploration For Abo FPSO 101
Apr 10, 2018: Ocean Installer Awarded Petronas Contract In Mauritania 102
Mar 31, 2018: BW Offshore Signs Interim Extension Agreement For Abo FPSO With Nigerian Agip Exploration 103
Feb 08, 2018: Ocean Installer wins decomissioning contract for Berge Helene FPSO in Mauritania 104
Jan 07, 2018: BW Offshore announces contract extension for FPSO Polvo 105
Nov 22, 2017: BW Offshore receives contract expansion for lease and operation of FPSO Umuroa 106
Oct 23, 2017: BW Offshore: Sendje Berge Contract Extension 107
Apr 01, 2017: BW Offshore: Extension Agreement For FPSO Abo 108
Jan 23, 2017: BW Offshore: Interim Extension Agreement For FPSO Abo 109
Jan 03, 2017: BW Offshore: Interim Extension Agreement For FPSO Abo 110
Appendix 111
Methodology 111
About GlobalData 111
Contact Us 111
Disclaimer 111
BW Offshore Ltd, Oil & Gas, Key Facts, 2017 2
BW Offshore Ltd, Oil & Gas, Deals Summary, 2012 to YTD 2018 2
BW Offshore Ltd, Oil & Gas, Deals By Year, 2012 to YTD 2018 6
BW Offshore Ltd, Oil & Gas Deals By Type, 2012 to YTD 2018 7
BW Offshore Ltd, Oil & Gas, Deals By Region, 2012 to YTD 2018 8
BW Offshore Ltd, Deals By Sector, 2012 to YTD 2018 9
BW Offshore Ltd, Oil & Gas, Deals Summary, 2012 to YTD 2018 10
BW Energy Completes Acquisition Of Additional 25% Interest In Dussafu PSC, Offshore Gabon From Panoro Energy For US$12 Million 11
BW Offshore Completes Acquisition Of 56% Stake In Kudu Field, Offshore Namibia From NAMCOR For US$2.4 Million 13
BW Offshore Acquires Blue Opal Tanker From Daewoo Shipbuilding For US$83.4 Million 15
BW Offshore Completes Private Placement Of Shares For US$36 Million 16
BW Offshore Completes Private Placement Of Preference Shares For US$275 Million 17
BW Offshore Completes Rights Offering Of Shares For US$101.2 Million 18
BW Offshore Completes Public Offering Of Bonds, Due 2020, For US$114 Million 19
BW Offshore Completes Public Offering Of Bond Due 2019 For US$123.9 Million 20
BW Offshore Completes Public Offering Of Bond For US$87 Million 21
BW Offshore Completes Private Placement Of Bonds Due March 2017 For US$89.9 million (MM) 22
BW Group Acquires VLCC, BW Opal From BW Offshore For US$85.5 Million 23
Apache Energy Acquires FPSO Ningaloo Vision From BW Offshore For US$185 Million 24
BW Energy Completes Acquisition Of 100% Stake In Harvest Dussafu From HNR Energia For US$32 Million 25
BW Offshore Completes Acquisition Of Remaining 50% Joint Venture Stake In Tinworth From Yinson Holdings For US$59.3 Million 26
BW Offshore Ltd, Key Competitors 27
BW Offshore Ltd, Key Employees 28
BW Offshore Ltd, Other Locations 29
BW Offshore Ltd, Subsidiaries 29
List of Figures
BW Offshore Ltd, Oil & Gas, Deals by Type, 2012 to YTD 2018 2
BW Offshore Ltd, Oil & Gas, Deals By Year, 2012 to YTD 2018 2
BW Offshore Ltd, Oil & Gas, Deals By Region, 2012 to YTD 2018 2
BW Offshore Ltd, Oil & Gas, Deals By Sector, 2012 to YTD 2018 2
BW Offshore Ltd, Oil & Gas, Deals By Year, 2012 to YTD 2018 6
BW Offshore Ltd, Oil & Gas, Deals by Type, 2012 to YTD 2018 7
BW Offshore Ltd, Oil & Gas, Deals By Region, 2012 to YTD 2018 8
BW Offshore Ltd, Oil & Gas, Deals by Sector, 2012 to YTD 2018 9