The official naming ceremony of FPSO BW Pioneer took place in Singapore today, 26 October, in the presence of approximately 250 guests, including top managements from Petrobras, Keppel Shipyard and BW Offshore.

BW Offshore was selected by Petrobras America Inc in 2007 for the
conversion, installation and operation of an FPSO for the Cascade &
Chinook fields in the US Gulf of Mexico (GoM).

The FPSO, named BW Pioneer, is scheduled to arrive in US waters in
January 2010, and be ready for operation during first quarter the same
year. Through BW Offshore’s technology division APL, the project has
also included the delivery and installation of a disconnectable
Submerged Turret Production Buoy (STP) including fluid swivel and the
appurtenant mooring system.? This first BW Offshore contract with
Petrobras is for a total of up to eigth years including option periods
of up to three years.

BW Pioneer is the first FPSO in the US GoM, and it will be installed on
a water depth of 2,600 meters, the deepest water ever for an FPSO
installation.

The APL STP technology is the world’s leading disconnectable turret
system with an unparalleled track record of more than 1,500
disconnect/connect operations, enabling the FPSO to disconnect from its
moorings and seek sheltered waters in a hurricane situation with
minimum disruption to operations. This represents the deepest
application to date for the STP system. The installation of the STP
buoy was completed by the end of August 2009.

With the deployment of BW Pioneer BW Offshore will be noticeably
represented in the greater Americas region.? BW Offshore is present in
both the US and Mexican portions of the Gulf of Mexico, in the Tupi
field offshore Brazil with BW Cidade de S?o Vincente, and, recently BW
Offshore was awarded the Letter of Intent for a joint venture on the
Brazilian Papa Terra field in 2012.

BW Offshore’s FPSO/FSO fleet also includes operations in other parts of the world, including West-Africa and Russia.

Source: BW Offshore

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• The official christening of the FPSO BW Pioneer was held in Singapore on 26 October

     The official naming ceremony of FPSO BW Pioneer took place in Singapore today, 26 October, in the presence of approximately 250 guests, including top managements from Petrobras, Keppel Shipyard and BW Offshore. BW Offshore was selected by Petrobras America Inc in 2007 for the conversion, installation and operation of an

• Keppel Shipyard completed on the way to the first FPSO for U.S. Gulf of Mexico

     Keppel Shipyard Limited (Keppel Shipyard) is on track to deliver the first floating production storage and offloading (FPSO) vessel for the US Gulf of Mexico (GoM) to BW Pioneer Ltd, an affiliate of BW Offshore. Named today at Keppel Shipyard, the vessel BW Pioneer will be turret moored at a

• Keppel Shipyard completed on the way to the first FPSO for U.S. Gulf of Mexico

     Keppel Shipyard Limited (Keppel Shipyard) is on track to deliver the first floating production storage and offloading (FPSO) vessel for the US Gulf of Mexico (GoM) to BW Pioneer Ltd, an affiliate of BW Offshore. Named today at Keppel Shipyard, the vessel BW Pioneer will be turret moored at a

• U.S. Gulf FPSO on the right track for on-time delivery

    BW Pioneer named at Keppel Shipyard Read at U.S. Gulf FPSO on track for on-time delivery

• Inert Gas Systems highlight FPSO offshore Hamworthy expansion

    Four new FPSOs entering service with French super-major TOTAL feature Hamworthy Moss inert gas systems. Each vessel has a storage capacity of 2 million barrels; two of them will be based offshore Angola and the other two in Nigeria

• Teekay Offshore Partners LP Declares Distribution

    Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P., has declared a cash distribution of $0.45 per unit for the quarter ended September 30, 2009. The cash distribution is payable on November 13, 2009 to all unitholders of record on October 27, 2009. Teekay Offshore Partners L.P.,

• Saipem wins new offshore contract worth around 1 billion euros for the conversion and operation of an FPSO vessel

     Saipem has been awarded a contract for the supply and operation of a FPSO vessel (Floating Production Storage and Offloading) worth approximately 1 billion euro(1).? The contract, awarded by Eni, encompasses the conversion of a wholly owned oil tanker into a FPSO vessel, for which Saipem will provide the installation and

• Teekay Offshore Partners Signs $ 260 million Petrojarl Varg FPSO Facility

    Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) announced yesterday that it has signed a $260 million revolving credit facility secured by the Petrojarl Varg Floating Production Storage and Offloading unit (Petrojarl Varg FPSO) which was recently acquired from Teekay Corporation (Teekay) .

• COSCO says Sun Rise switching to a model for the FPSO industry

     “Sun Rise,” a 20-year old VLCC, is undergoing conversion to an FPSO in COSCO Dalian Shipyard. The work scope for the conversion project involves the installation and/or renewal of 8,000 tonnes of steel structure, 350,000m of cables, of 800 tonnes of piping systems, the completion of 120,000m2 coating and the installation

• Keppel, Ezra and PetroVietnam in joint venture

    Keppel Offshore and Marine, Ezra Holdings, EOC Ltd and PetroVietnam Transportation have formed a joint venture to own and operate a floating production and storage offshore vessel in Vietnam. The joint venture, PV Keez, will supply an FPSO for the $1bn contract for Premier Oil’s Chim Sao project.

• EOC awards Keppel Shipyard S $ 104m contract FPSO Conversion

     EOC Limited (EOC or the Group), an Asian-based provider of offshore oil and gas support services, has awarded Keppel Shipyard Limited (Keppel Shipyard), a subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), a S$104 million contract to convert a floating production, storage and offloading (FPSO) unit. Under this contract,

• MSC messages more

    Box ships run by the world’s second largest box carrier Mediterranean Shipping Company (MSC) continue being sold for scrap, with the latest deal involving the MSC Pioneer concluded last week, market sources told Ocean Intelligence. Aside from that deal, at least three other vessels were sold for scrap last week

• To provide Ezra JV in oil production vessel in Vietnam

    Marine services provider Ezra Holdings is partnering three other firms to establish a joint venture (JV) company. The JV company will supply a Floating Production, Storage and Offloading (FPSO) vessel and related services to Premier Oil for its Chim Sao project in Vietnam

• Prosafe sees the demand to improve in 2010

    Norwegian offshore oil services provider Prosafe Production said yesterday that it expected few new contracts this year and an improvement in demand for floating production vessels next year. Prosafe Production, which has a fleet of floating production, storage and offloading (FPSO) vessels, reported operating profit of US$28 million in the second quarter,

• Daewoo German ship could be up to $ 450 million

    South Korea’s Daewoo Shipbuilding & Marine Engineering, the world’s second-biggest shipbuilder, said on Friday the value of its latest ship order from Germany could rise to $450 million, including an option. Daewoo said on Thursday it had won a $300 million order from a unit of German utility firm RWE?