BW Offshore: Contemplating Field Acquisition Offshore Brazil

BW

BW Offshore is contemplating to enter into agreements to acquire 100% of the Maromba field offshore Brazil from the present owners Petrobras (70%) and Chevron (30%).

Closing of the acquisition is subject to board approvals and fulfilment or waiver of conditions precedents, including approval by The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) to close the transaction and deem BW Offshore an approved operator in Brazil.

The Maromba field is located off the Brazilian coast in the Campos Basin in 160 metres of water depth, where BW Offshore has extensive operating experience.

The company will provide further information upon signing of the agreements.

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