BW Offshore Acquires VLCC from DSME for Future FPSO Project



BW Offshore, a global provider of floating production services to the oil and gas industry, announced Thursday that the company has exercised an option to acquire the tanker Blue Opal for $83.4 million from South Korea's Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME). Blue Opal is a DSME designed and built 320,000 deadweight ton very large crude carrier (VLCC) from 2012.

BW Offshore has performed detailed engineering studies and inspections of the VLCC since 4Q 2012, and is currently evaluating several floating production, storage and offloading (FPSO) projects suitable for the vessel. 

BW Offshore is currently the world's second largest floating production services contractor with a fleet of 14 FPSOs and 1 floating storage offloading (FSO) represented in all major oil regions world-wide. The company also operates additional 2 FPSOs.



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