Brief: BW Offshore Gets Limited Notice To Proceed For Shell’s Gato Do Mato Development In Brazil

Bw Offshore

27/05/2022 06:46

May 27 (Reuters) - BW Offshore Ltd  BWO.OL :
    * SAID ON THURSDAY, GETS LIMITED NOTICE TO PROCEED (LNTP) BY
SHELL
BRASIL PETRÓLEO LTDA (SHELL) AND ITS PARTNERS FOR EARLY-STAGE
ENGINEERING AND SUPPLIER RESERVATIONS FOR THE SUPPLY OF AN FPSO
FOR THE GATO DO MATO OIL AND GAS FIELD OFFSHORE BRAZIL
    * THE LNTP IS VALUED UP TO USD 50 MILLION
    * UPON COMPLETION OF THE LNTP, SHELL AND ITS PARTNERS TARGET
TO
AWARD A LEASE AND OPERATE CONTRACT TO A CONSORTIUM COMPRISING BW
OFFSHORE AND SAIPEM S.P.A., WHICH WILL BE JOINTLY RESPONSIBLE
FOR THE ENGINEERING, PROCUREMENT, CONSTRUCTION, AND INSTALLATION
(EPCI) OF THE FPSO
    * EXPECTED DELIVERY IN 2026
    * FPSO LEASE AND OPERATE CONTRACT WILL HAVE A FIRM PERIOD OF
18
YEARS WITH SEVEN YEARS OF OPTIONS

        
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