Brief: BW Offshore: Final Investment Decision Made For Barossa Field Development

Bw Offshore

30/03/2021 06:38

March 30 (Reuters) - BW Offshore Ltd  BWO.OL :
    * FINAL INVESTMENT DECISION MADE FOR BAROSSA FIELD
DEVELOPMENT
    * SANTOS LTD. AND ITS PARTNERS HAVE MADE FINAL INVESTMENT
DECISION
(FID) FOR DEVELOPMENT OF BAROSSA GAS FIELD
    * CONTRACT FOR SUPPLY OF FPSO TO BAROSSA GAS FIELD IS
EFFECTIVE AS
OF 30 MARCH 2021
    * FIRM PERIOD CONTRACT VALUE IS USD 4.6 BILLION
    * LEASE AND OPERATE CONTRACT HAS A FIRM PERIOD OF 15 YEARS,
WITH
10 YEARS OF OPTIONS.
    * INITIAL GAS PRODUCTION FROM FPSO IS EXPECTED DURING FIRST
HALF
OF 2025

Source text for Eikon:  ID:nGNE1gHkwB 
Further company coverage:  BWO.OL 

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