Umuroa News

Brief Contract Extension for BW Offshore's FPSO in Gabon

Sep 13, 2022

FPSO-leasing specialist BW Offshore has secured a short-term contract extension for its Petroleo Nautipa FPSO.The contract will see production extended from September 20 to October 4, 2022, ahead of demobilization. The spread-moored FPSO has…

BW Offshore Sells FPSO Umuroa for Scrap

Mar 14, 2022

After it last month said it would recycle its FPSO BW Cidade de São Vicente, FPSO owner BW Offshore has now agreed to sell another FPSO for scrap, this time the FPSO Umuroa.The company said Monday it had signed an agreement to recycle the FPSO…

BW Offshore Records Impairment on 6 FPSOs Book Value as Prospects Bleak for Extensions, Redeployment

Feb 14, 2022

FPSO leasing company BW Offshore has decided to record an impairment to the book value of the FPSOs BW Athena, Espoir Ivoirien, Sendje Berge, Petróleo Nautipa and Umuroa amounting to $66.6 million in the fourth quarter of 2021 as well as $23…

Helix Energy Solutions Nets Offshore Decommissioning Deal in New Zealand

Nov 22, 2021

Houston-based offshore services firm Helix Energy Solutions has won a 5-well complete abandonment project by New Zealand’s Ministry of Business, Innovation & Employment (MBIE).Helix Energy Solutions will deploy its Helix Q7000 semi-submersible vessel and 10K Intervention Riser System (IRS)…

BW Offshore, New Zealand Gov't Reach Umuroa FPSO Settlement

Nov 20, 2020

FPSO operator BW Offshore has reached a settlement with the New Zealand government over the FPSO Umuroa, which has been stuck at the Tui field, around 50 kilometers off the coast of Taranaki, for months.BW Offshore has been unable to remove…

BW Offshore Liquidates Subsidiary after FPSO Stuck in New Zealand for Months

Oct 23, 2020

Oslo-listed FPSO leasing specialist BW Offshore is liquidating its New Zealand subsidiary operating the FPSO Umuroa, stuck in New Zealand for months after the termination of the charter and the liquidation of its client Tamarind Resource. Tamarind…

BW Offshore's FPSO Stuck in New Zealand

Apr 10, 2020

FPSO-leasing company BW Offshore has been unable to remove the Umuroa FPSO from the Tui field in New Zealand following the contract termination, client liquidation, and the country's court and environment regulator intervention.The company was…

AWE divests Tui stake

Dec 13, 2016

Australia's AWE has sold 57.5% of its stake in the Tui area oil fields in the Taranaki basin offshore New Zealand, to Kuala Lumpur-based Tamarind Management. Subject to approvals from the New Zealand government and the Tui joint venture…

BW closer to recovering FPSO damaged in fire

Feb 08, 2016

BW Offshore is a step closer to recovering the Cidade de São Mateus floating production vessel to shore for repairs more than a year after it was damaged in a fire.  The fire, on 11 February 2015, offshore Brazil, saw nine of the 74 crew die and 26 require medical attention…

BW Athena to demobilize, seeks work

Jan 22, 2016

The BW Athena floating production, storage and offloading (FPSO) vessel is to be demobilized from the Athena field in the UK North Sea next month. The move, which had been expected, will the see BW Athena leave the field Athena and Anglia fields…

Undeveloped Down Under

Feb 01, 2016

Australia and New Zealand hold vast petroleum potential, much of which remains undeveloped. Audrey Raj sets out the detail. Samples of oil from various New Zealand discoveries. Photo from TAG Oil…

Eyes on New Zealand

Jun 30, 2015

Oil and gas companies are still testing the waters offshore New Zealand when it comes to production, and little has been done off the islands in the exploration arena.   Māui A platform. Images from NZP&M/ Rob Tucker…

Zeta in Pan Pacific US$22.5 million bid

Apr 10, 2015

Zeta Energy is offering up US$22.5 million for an unconditional takeover offer for Pan Pacific Petroleum NL (PPP). Map from PPP. The offer equals to $0.04 (A$.05) per share and will be made as an on-market cash offer…

AWE begins subsea tieback in New Zealand

Mar 09, 2015

AWE Ltd. began the Pateke-4H subsea tieback and installation project offshore New Zealand. Map from AWE.   Pateke-4H is located in the offshore Taranaki basin, in the PMP 38158 permit area…

AWE extends BW Offshore contract

Dec 23, 2014

Australian exploration firm AWE has agreed a one year contract extension for the lease and operation of the FPSO Umuroa, operating on the Tui Area oil project, offshore New Zealand, from Norway-based BW Offshore. As a result, the contract period has been extended to Q4 2016 (from Q4 2015)…

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