In response to market speculation, BW Offshore has confirmed it is undertaking a limited strategic review of its potential options and has engaged Pareto Securities to assist in the process. The company stated it will provide further updates as appropriate.

Company Background

BW Offshore is a leading global Floating Production, Storage and Offloading (FPSO) company headquartered in Oslo and is part of the BW Group. The company's origins date back to approximately 1982, and it reports having executed 40 FPSO and Floating Storage and Offloading (FSO) projects since its inception.

Strategic Acquisitions

The company expanded its capabilities through key acquisitions, including Advanced Production and Loading (APL), a turret mooring specialist, in 2007, and the Norwegian FPSO company Prosafe Production in 2010.