80 years of maritime energy history
The history of BW Offshore
BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore is the world's second largest contractor with a fleet of 14 FPSOs and 1 FSO represented in all major oil regions world-wide. The company also operates additional 2 FPSOs.
BW Offshore has a long track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In more than 30 years of production, BW Offshore has executed 38 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange.
BW Offshore is represented in the major oil regions world-wide, with presence accross Europe, Asia Pacific, West Africa and the Americas (US and Brazil).
The origin of BW Offshore goes back to 1982, as a department of Bergesen d.y., when Berge Sisar (an LPG FPSO later replaced by Berge Troll) was installed in Angola. At present the company has a track record of 14 successfully delivered projects.
In 2003, World-Wide acquired Norway's Bergesen d.y. ASA, the world’s largest gas carrier operator. The acquisition brought together two well-established businesses with similar commitments to quality and industry leadership. Bergesen Worldwide was established as a holding company incorporated in Bermuda on 29 October 2003 under an internal group restructuring implemented in 2003 and 2004.
In 2005, a further re-organisation took place, accompanied by the re-branding of the business under a single group brand, BW. BW Group Ltd was incorporated in Bermuda and became the holding company of the Group on 10 April 2007.
The BW Group is comprised of BW Fleet Management, BW Offshore and BW Maritime. Former BW Gas was listed in Olso in October 2005 as a pure gas player with the BW Group retaining a majority share. The company's last day on the Oslo Stock Exchange was 30 June 2009 and the company is now wholly owned by BW Group. The offshore division was then spun off and listed in Oslo in May 2006 as BW Offshore. BW Maritime, formerly World-Wide Shipping Managers, remains in the Group's private ownership.
BW Offshore has been a pioneer in many respects. It was the first company to operate an LPG FPSO with its operations in Angola. Later the company has converted and installed the first and only Arctic Oil FSO. In 2007 BW Offshore delivered the world's largest converted FPSO, with the biggest throughput capacity in any FPSO, now operating as the first FPSO in the Gulf of Mexico. Furthermore, in 2007 the company was awarded to build and operate what will be the first FPSO in the US Gulf of Mexico, and the deepest moored ever (2,500m).