BW Energy Signs long-term lease for wellhead platform

15 Dec BW Energy Signs long-term lease for wellhead platform

(Oilandgaspress) BW Energy announces that the short-term lease for the Super Gorilla class jack-up rig BW MAROMBA B signed in September 2025 has been successfully converted into a long-term project lease agreement with Minsheng Financial Leasing Co. Ltd. (MSFL).
The new lease agreement covers the rig purchase and all costs required to bring the MAROMBA B wellhead platform to drilling and production readiness. This represents USD 274 million of the previously communicated Maromba CAPEX and provides an efficient lease financing structure for the project’s development phase, followed by a ten-year lease term.
The lease will commence upon first oil for the Maromba development, with no payments due before this point. The lease carries a fixed daily rate of USD 120,500, providing cost predictability throughout the lease period.

Information Source: Read More

Oilandgaspress ,Oil and Gas , Energy , Climate, Gas,Renewable, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas,