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Reference is made to the announcement of BW Offshore’s acquisition of Prosafe Production in November 2010.

BW Offshore is a leading global provider of floating production services to the oil and gas industry, with more than 25 years of experience. With the acquisition of Prosafe Production the company is the world’s second largest operator of FPSOs measured in market capitalization and by the number of lease units. The present fleet consists of 16 FPSOs and two FSOs. For more info on the fleet see here.

BW Offshore and Prosafe Production’s comparably sized fleets in the Asia Pacific, Africa/Europe and Americas regions provide an excellent basis for further expansion and investment as well as sound economies of scale for most local operations.

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