BW Offshore Acquires Stake in Polvo Oil Field in Brazil

BW Offshore has signed a Letter of Intent to acquire 30% of the Polvo oil field in Brazil. The definitive agreements are still subject to a due diligence process to be conducted by BW Offshore, and remains subject to regulatory, governmental and board approvals.

Following the ongoing sale of BP’s stake in the Polvo field to HRT Participações em Petróleo S.A. (“HRT”), BW Offshore has the intention to acquire half of HRT’s stake. BW Offshore owns and operates the FPSO Polvo, operating under a firm contract until Q3 2014, with additional options until Q3 2022.

The Polvo oil field is located in the Campos basin in Brazil. The field was brought onstream in 2007, with a 2013 year to date production of approx. 12,000 bopd. The field installations include the FPSO Polvo, the Polvo A wellhead platform with a drilling rig and an infield pipeline.

Press Release, December 13, 2013; Image: Keppel

 

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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