BW Offshore Achieves First Oil at Gabon-based Tortue Project

By Anine Kilian, Contributing Editor 

Oslo-listed BW Offshore reported on Monday that it had achieved first oil from its floating production storage and offloading (FPSO) unit in Dussafu, Gabon.

The breakthrough was reached 18 months after the initial investment was made in the Dussafu license offshore Gabon.

The $167 million first phase is expected to produce between 10,000 and 20,000 barrels per day (bpd), while phase 2 will boost oil production to between 15,000 and 25,000 bpd and will cost an estimated $275 million.

Phase two production is expected to ramp-up by 2020.

“Our first priority now is to complete start-up activities and stabilise production on BW Adolo, [which a converted Very Large Crude Carrier]. We will at the same time work towards the final investment decision on Tortue Phase 2, which will unlock additional production volumes, and continue the appraisal program of the recently announced discovery at Ruche North East, as well as to confirm additional resources and strengthen the commerciality of the Dussafu license,” CEO Carl K. Arnet said in a statement.

The FPSO has a production capacity of 40,000 barrels of oil per day, arrived in Gabon in late July and hook up of mooring systems and installation of risers and umbilicals were completed in September.