BW Energy Gabon SA has assumed full operational and maintenance responsibility for the FPSO BW Adolo from parent companies BW Offshore and BW Energy. The transition includes an amended charter featuring a mutual put-and-call option on the FPSO valued at $100 million, exercisable in 2028.
“Transferring daily operational control of BW Adolo to BW Energy Gabon is a natural step given their growing presence in Gabon and potential to capture efficiencies across the local organisation,” explained Marco Beenen, CEO of BW Offshore. “The seamless execution reflects the commitment of both teams to safeguard personnel, the environment, and asset integrity.”
Carl K Arnet, CEO of BW Energy, emphasized the strategic benefits of the transition: “Assuming full O&M responsibility will allow BW Energy Gabon to optimise field performance and capture additional synergies across the Dussafu hub. We thank BW Offshore for its exemplary stewardship of the vessel and its continued support during the transition phase.”
The FPSO unit is currently deployed on the Dussafu Marin licence offshore Gabon, where it has been producing oil since achieving first oil in 2018.
Source: oilreviewafrica.com