BW Energy Acquires FPSO Cidade de Vitória from Saipem for US$ 73 Million for Oil Exploration in Golfinho Field

Written by Ruth Rodrigues

Published on 30/06/2022 at 03:32

Foto: Thiago Guimarães / Agência Petrobras

Be the first to react!

BW Energy Continues Its Investment Round in the Oil and Gas Sector in Brazilian Fields and Acquired the FPSO Cidade de Vitória from Saipem for a Total of US$ 73 Million, Focusing on the Oil Reserves of the Golfinho Field.

For this Thursday, (06/30), the plan to acquire new exploration platforms for fuels in Brazil by BW Energy is in full swing. This is because the company has just acquired the FPSO Cidade de Vitória from Saipem, located in the Golfinho Field in the Espírito Santo Basin, for a total of US$ 73 million, aiming at the oil reserves available in the region.

FPSO Cidade de Vitória Acquired by BW Energy in a Million-Dollar Transaction with Saipem for Oil Exploration in the Golfinho Field

Just a few days after purchasing the Golfinho and Camarupim Poles, the energy and fuel company BW Energy announced a new acquisition, this time of the FPSO Cidade de Vitória, located in the Espírito Santos Basin. The vessel was purchased from the Italian company Saipem for a total of US$ 73 million, and BW intends to leverage the Golfinho Field to expand its oil production in the coming years.

According to the transaction between BW Energy and Saipem, the completion of the operation and final acquisition of the FPSO Cidade de Vitória is expected to take place in the first quarter of 2022, so that the start of oil exploration will not be delayed. Furthermore, the million-dollar transaction amount will be paid in installments, with US$ 25 million paid at closing, US$ 13 million upon acquisition of the FPSO, and an additional US$ 35 million to be paid in 18 monthly installments following the acquisition.

ARTICLE CONTINUES BELOW

Acquisition of FPSO Cidade de Vitória Will Ensure New Directions in Oil Exploration in the Golfinho Field for BW Energy

BW Energy’s interest in the FPSO Cidade de Vitória stems from the oil exploration in the reserves of the Golfinho Field, as the vessel has a strong storage capacity, capable of holding 1.6 million barrels and producing over 100,000 barrels of oil per day. Thus, the acquisition of the platform will ensure even greater efficiency in the exploration of this fuel over the coming years in Brazilian fields.

Additionally, the Golfinho Field has six wells for oil production, two for gas production, and two for water injection, which are linked to the FPSO Cidade de Vitória, providing new opportunities for future deals and expansions in the segment. The field located off the coast of the state of Espírito Santo in southeastern Brazil has also produced an average of 8,600 barrels of oil and 90,000 cubic meters of gas per day this year, ensuring good results in the fuel scenario.

BW Energy is an oil and gas company focused on growth, involved in the acquisition, development, and production of proven oil and natural gas fields, and currently has a portfolio of projects in major oil and gas regions worldwide, present in Africa, the Americas, Asia, and Europe, with an eye on sector expansion.

BW Energy Acquires FPSO Cidade de Vitória from Saipem for US$ 73 Million for Oil Exploration in Golfinho Field

BW Energy Continues Its Investment Round in the Oil and Gas Sector in Brazilian Fields and Acquired the FPSO Cidade de Vitória from Saipem for a Total of US$ 73 Million, Focusing on the Oil Reserves of the Golfinho Field.

FPSO Cidade de Vitória Acquired by BW Energy in a Million-Dollar Transaction with Saipem for Oil Exploration in the Golfinho Field

Acquisition of FPSO Cidade de Vitória Will Ensure New Directions in Oil Exploration in the Golfinho Field for BW Energy

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

A BRL 150,000 suspended container house surprises on a country property in Paraná by replacing traditional construction with a 60 m² elevated structure, modern finishes, thermal insulation, and free space underneath for a future gourmet area.

While millions suffer from water scarcity, Stanford scientists create hydrogel that extracts potable water from the air using solar energy, lasts more than eight months, and paves the way for water supply almost anywhere.

How much does a bricklayer charge to build a simple 20-meter wall in 2026? Labor costs already reach R$ 6,000, while foundation, rebar, and material inflation drastically increase the residential budget in Brazil.

While the Belo Horizonte Metro receives 24 new trains from Chinese CRRC, Series 900 compositions, over 30 years old, will be sent to Recife by CBTU for R$ 10 million each, without air conditioning and amidst a formal complaint from the subway workers’ union to BNDES.

BW Energy Acquires FPSO Cidade de Vitória from Saipem for US$ 73 Million for Oil Exploration in Golfinho Field

BW Energy Continues Its Investment Round in the Oil and Gas Sector in Brazilian Fields and Acquired the FPSO Cidade de Vitória from Saipem for a Total of US$ 73 Million, Focusing on the Oil Reserves of the Golfinho Field.

FPSO Cidade de Vitória Acquired by BW Energy in a Million-Dollar Transaction with Saipem for Oil Exploration in the Golfinho Field

Acquisition of FPSO Cidade de Vitória Will Ensure New Directions in Oil Exploration in the Golfinho Field for BW Energy

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Styrofoam block cut with hot wire turned into a real boat with three layers of fiberglass and polyester resin, floats without rotting or rusting, carries up to five people, and uses a professional shipyard sandwich technique for less than R$ 500 per square meter.

Anvisa orders the recall of Ypê products throughout Brazil after identifying a risk of contamination and serious manufacturing flaws.

The nuclear submarine that never arrives: The Álvaro Alberto project has accumulated 47 years of development, R$ 40 billion spent since 2008, and may now be delayed until 2037 due to a lack of R$ 1 billion in the Brazilian Navy’s coffers.

Portonave is investing R$ 2 billion to modernize the Port of Navegantes and accommodate ships up to 400 meters, but the project depends on the federal government deepening the channel from 14 to 17 meters, a concession that is at the TCU.

A BRL 150,000 suspended container house surprises on a country property in Paraná by replacing traditional construction with a 60 m² elevated structure, modern finishes, thermal insulation, and free space underneath for a future gourmet area.

While millions suffer from water scarcity, Stanford scientists create hydrogel that extracts potable water from the air using solar energy, lasts more than eight months, and paves the way for water supply almost anywhere.

How much does a bricklayer charge to build a simple 20-meter wall in 2026? Labor costs already reach R$ 6,000, while foundation, rebar, and material inflation drastically increase the residential budget in Brazil.

While the Belo Horizonte Metro receives 24 new trains from Chinese CRRC, Series 900 compositions, over 30 years old, will be sent to Recife by CBTU for R$ 10 million each, without air conditioning and amidst a formal complaint from the subway workers’ union to BNDES.