BW Offshore moves to acquire Maromba field from Petrobras and Chevron

BW Offshore said it is contemplating to enter into agreements to acquire 100% of the Maromba field offshore Brazil from the current owners Petrobras (70%) and Chevron (30%).

The acquisition is still subject to approvals from the company’s board and The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP).

The Maromba field, located off the Brazilian coast in the Campos Basin, has been a fringe asset of Petrobras. The Brazilian state-owned oil company and Chevron has been looking to sell their stake in the Maromba field since 2017.

BW Offshore currently operates a fleet of 15 owned FPSOs. The company executed the strategic shift initiated in 2018 by the acquisition of the majority stake in the Dussafu field offshore Gabon, representing the transformation from being a pure FPSO lease-and-operate company to a group also engaged in development of discovered oil and gas fields.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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