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BW Energy

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BW Energy
Drammensveien 151
0277 Oslo, Norway

Postal address:
P.O. Box 33 Skøyen
0212 Oslo, Norway

Tel: +47 2313 0000

Namibia office
33 Schanzen Road
Windhoek, Namibia

Tel: +47 2313 0000

Description

BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing FPSOs to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The main assets are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95% interest in the Maromba field in Brazil, both operated by the Company. Total net 2P+2C reserves are 247 million barrels at the start of 2020 and gross average production from Dussafu was 11.8 kbopd in 2019.

History
The origin of BW Offshore goes back to 1982, as a department of Bergesen d.y., when Berge Sisar (an LPG FPSO later replaced by Berge Troll) was installed in Angola.

In 2003, World-Wide acquired Norway's Bergesen d.y. ASA, the world’s largest gas carrier operator. The acquisition brought together two well-established businesses with similar commitments to quality and industry leadership. Bergesen Worldwide was established as a holding company incorporated in Bermuda on 29 October 2003 under an internal group restructuring implemented in 2003 and 2004.

In 2005, a further re-organisation took place, accompanied by the re-branding of the business under a single group brand, BW. BW Group Ltd was incorporated in Bermuda and became the holding company of the Group on 10 April 2007.

The BW Group is comprised of BW Offshore, BW LPG, BW Pacific, BW LNG, BW VLCC, BW Chemical Tankers, BW Dry Cargo and BW Fleet Management.

BW Offshore has been a pioneer in many respects. It was the first company to operate an LPG FPSO with its operations in Angola. Later the company has converted and installed the first and only Arctic Oil FSO. In 2007 BW Offshore delivered the world's largest converted FPSO, with the biggest throughput capacity in any FPSO, now operating as the first FPSO in the Gulf of Mexico. Furthermore, in 2007 the company was awarded to build and operate what was the first FPSO in the US Gulf of Mexico, and one of the deepest moored to date (2,500m).

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