BW Offshore settles Brazil FPSO repair costs

Offshore staff

OSLO, NorwayBW Offshore has signed an agreement with its insurers for an early repair cost settlement for the FPSO Cidade de São Mateus.

An explosion onboard the vessel in 2015 killed nine crew members, and put the facility out of action.

It had been operating since 2009 for Petrobras on the Camarupim and Camarupim Norte fields in the post-salt Espirito Santo basin offshore Brazil.

The agreed settlement amount is around $250 million. The FPSO remains in lay-up – BW says final discussions and terms must be agreed with the client before determining when the vessel can return to the offshore location.

In a separate development, BW has signed an interim extension agreement for the FPSO Abo to remain working offshore Nigeria for Nigerian Agip Exploration until Jan. 20, 2017.

This secures operational continuity while joint work continues to conclude the negotiations.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...