BW Offshore, an FPSO specialist turned oil operator via its BW Energy subsidiary, has sanctioned the second phase of its Tortue development offshore Gabon.
The final investment decision announcement was made on Tuesday, two months following the production start-up at the Tortue Phase 1. BW Offshore has sanctioned the second phase of the Tortue development following the successful on the western flank of the Tortue field.
The second phase entails drilling of four additional horizontal development wells, tied back to the FPSO with a budget of $275 million. BW has said it has already placed orders for long lead equipment including subsea trees, wellheads, drilling casing, and completion equipment.
Source: Offshore Energy Today