BW Offshore to Deliver Marine Scope of P-63 FPSO Conversion

BW Offshore has, together with its Brazilian consortium partners in QUIP and QGOG (Queiroz Galvão Óleo e Gás), signed the contract for the FPSO P-63 with the Papa Terra Joint Venture (Petrobras (operator) and Chevron). QGOG is one of Brazil's largest private groups in the oil and gas sector.

BW Offshore's main responsibility will be to deliver the marine scope of the FPSO conversion, including the hull, offloading systems and mooring equipment for the vessel.

BW Offshore and QGOG will jointly operate the FPSO for a period of three years with gradual handover to Petrobras.

BW Offshore will utilize the ULCC BW Nisa (323,000 dwt) for the project.

The Papa Terra field is located in the Campos Basin offshore Brazil, and the FPSO is expected to commence production in 2013.