BW Offshore signs contract for the Catcher FPSO

BW Offshore signs contract for the Catcher FPSO

BW Offshore has signed the contract with Premier Oil for a FPSO to operate on the Catcher oil field in the UK North Sea.
The firm charter period of the contract is 7 years, with extension options of up to 18 years. Based on a field life of 10 years, the contract value is USD 2.3 billion including FPSO charter rate and opex.

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