Oslo stock-listed BW Offshore with a fleet of four FPSOs has sealed a deal to buy the FPSO Nganhurra, calling the acquisition a strategic move to secure a high-quality production unit in a market where comparable opportunities are becoming increasingly scarce.
The company said the transaction includes a limited upfront payment, with additional consideration contingent upon the successful redeployment of the unit before June 2027.
The FPSO Nganhurra is a purpose-built FPSO, constructed in 2006, with a production capacity of 100,000 barrels per day and a storage capacity of 900,000 barrels.
It operated offshore Western Australia until 2018 and was later laid up in Malaysia. BW Offshore highlighted that the unit’s mooring system supports operation across varied offshore conditions.
“The acquisition of the FPSO Nganhurra represents a strategic decision to capitalise on a compelling market opportunity. Given the limited availability of suitable FPSOs for redeployment, securing this unit places BW Offshore in a strong, competitive position,” said Marco Beenen, the CEO of BW Offshore.
