BW Offshore has signed a US$150 million contract for the completion of the FPSO OSX-1 project. Assisting the owner, a subsidiary of the Brazilian publicly traded company OSX Brasil S/A, providing engineering services, detailing the equipment required for the customization activity, and supporting the procurement process, BW will act as project manager.
The full scope of work includes modifications of heavy oil processing, water separation and power generation. In addition they deliver a Submerged Turret Production (STP) system from APL; a division of BW offshore. Date of completion is expected in mid 2011.