History

History

80 years of maritime energy history

The history of BW Offshore

BW Offshore has a long track record of project execution and operations, as well as a robust balance sheet and strong financial capabilities. In more than 35 years of production, BW Offshore has executed 40 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange.

The origin of BW Offshore dates back to 1982, as a department of Bergesen d.y., when Berge Sisar (an LPG FPSO later replaced by Berge Troll) was installed in Angola.

In 2003, World-Wide acquired Norway’s Bergesen d.y. ASA, the world’s largest gas carrier operator. The acquisition brought together two well-established businesses with similar commitments to quality and industry leadership. Bergesen Worldwide was established as a holding company incorporated in Bermuda on 29 October 2003 under an internal group restructuring implemented in 2003 and 2004.

In 2005, a further re-organisation took place, accompanied by the re-branding of the business under a single group brand, BW. BW Offshore Ltd was listed on the Oslo Stock Exchange in 2006, while BW Group Ltd was incorporated in Bermuda and became the holding company of the Group on 10 April 2007.

The BW Group includes significant shareholding in BW Offshore, BW LPG, BW LNG, BW Energy, Hafnia, Epic Gas, DHT, and BW Dry Cargo.

In 2007, BW Offshore acquired APL ASA (Advanced Production and Loading), a producer of technology for the offshore oil and gas industry, and in 2010 this was followed by the acquisition of Prosafe ASA, another FPSO company listed in Norway. The merged company constituted the second largest FPSO fleet, a position that has been maintained to date.

Through continuous development and exploration of new business segments, BW Offshore has been an industry pioneer, and executing complex projects and operating advanced production systems for more than three decades has instilled the importance of thorough engineering, trust and teamwork throughout the organisation.