Lease & Operate
Life time maintenance and support
Funding for the right project and the right client
Leasing the production asset and leaning on BW Offshore to finance and dispose of production assets, has allowed clients to focus on their core competence areas of developing and managing reservoirs. The lease approach also reduces the investment and the financial exposure for clients related to major production assets.
The fleet represents a large investment in advanced offshore production facilities. BW Offshore has an excellent track record for redeployment and contract extensions, and is well placed to realise untapped commercial potential in the existing fleet.
Funding based on contracts with clients
BW Offshore has a strong relationship with a large number of international banks and close contact with the equity market through the Oslo Børs listing. This enables the structuring of financial packages, enhanced by lease contracts with reputable clients. BW Offshore has also successfully created funding alternatives through the bond market, in addition to interest from equity partners on individual projects. BW Offshore has been in a position to operate units effectively thanks to its global footprint and extensive market access. It has been our experience that for the right project with the right client, funding can be accessed.
The contract between the oil company or the operator and BW Offshore regulates numerous operational and financial obligations including production and processing performance. Leases are structured to ensure that unit ownership and other details comply with local law and tax regulations in the country of operation. BW Offshore offers significant support in the form of management resources and staff to execute, arrange and manage the ownership and operation of the FPSO. BW Offshore serves as a single point of contact behind the scenes for various parties and processes while offering field partners a transparent day rate.
LIFETIME MAINTENANCE AND SUPPORT
BW Offshore takes full responsibility to operate and maintain as well as upgrade or change the production asset as needed by the client in a lease arrangement. This ensures that production requirements are met for the total duration of the field life including necessary funding, ensuring appropriate competencies, as well as know-how of production equipment.