Vessels

BW Offshore acquires FPSO and is assessing redeployment options

May 28, 2025

Seatrium also recently delivered an FPSO to BW Offshore for work at the Barossa Field offshore Australia.

FPSO Nganhurra sails offshore — BW Offshore says it has acquired the FPSO Nganhurra to leverage redeployment opportunities.

BW Offshore has signed an agreement to acquire the FPSO Nganhurra. The company says the transaction includes a limited upfront payment, with additional consideration contingent upon the successful redeployment of the unit before June 2027.

The Nganhurra FPSO disconnected from the Enfield oil field in fourth-quarter 2018 after 13 years of service.

The FPSO Nganhurra is a purpose-built FPSO, constructed in 2006, with a production capacity of 100,000 bbl/d and a storage capacity of 900,000 bbl. It operated offshore Western Australia until 2018 and was later laid up in Malaysia.

The company says the unit will have minimal lay-up costs and presents limited downside risk from recycling, ensuring prudent capital management while it assesses redeployment options.

"With visible project opportunities emerging over the next few years, having this asset in place enhances our ability to offer timely and competitive redeployment solutions to our clients, strengthening our strategic position relative to industry peers," the company's news release stated.

Seatrium delivers FPSO to BW Offshore

Seatrium announced on May 28 the successful delivery of the BW Opal FPSO to BW Offshore.

Seatrium Ltd. has delivered the BW Opal FPSO vessel to BW Offshore.

The delivery marks the company's 18th FPSO for BW Offshore.

Seatrium’s work includes installation and integration works of topside modules; deck equipment and the turret mooring system; and completion and commissioning support for BW Offshore.

Seatrium says the BW Opal is one of the largest FPSOs ever delivered to Australia. It will be deployed at the Santos-operated Barossa Field located 285 km offshore Darwin in northern Australia. The FPSO is designed with a gas-handling capacity of 850 MMscf/d and 11,000 bbl/d of stabilized condensate.

Designed with energy-efficient technologies, Seatrium also noted that the FPSO will reduce greenhouse-gas emissions by 15% compared to traditional systems, resulting in a reduction of up to 2.3 MMtonnes of CO₂ emissions over the life of the asset.

BW Energy Gabon takes hold of Adolo FPSO

Earlier this month, BW Offshore and BW Energy transferred operations and maintenance of the FPSO BW Adolo to BW Energy Gabon.

Under an amended bareboat charter, BW Offshore’s subsidiary retains ownership of the vessel, which it will continue to lease to BW Energy Gabon on the same terms as previously agreed, but minus the O&M services.

About the Author

Ariana Hurtado | Editor-in-Chief

With more than a decade of copy editing, project management and journalism experience, Ariana Hurtado is a seasoned managing editor born and raised in the energy capital of the world—Houston, Texas. She currently serves as editor-in-chief of Offshore magazine, overseeing the editorial team, its content and the brand's growth from a digital perspective.

Utilizing her editorial expertise, she manages digital media for the Offshore team. She also helps create and oversee new special industry reports and revolutionizes existing supplements, while also contributing content to Offshore magazine, its newsletters and website as a copy editor and writer.

Prior to her current role, she served as Offshore's editor and director of special reports from April 2022 to December 2024. Before joining Offshore, she served as senior managing editor of publications with Hart Energy. Prior to her nearly nine years with Hart, she worked on the copy desk as a news editor at the Houston Chronicle.

She graduated magna cum laude with a bachelor's degree in journalism from the University of Houston.