BW profit soars

Floating production contractor BW Offshore has seen first-quarter net profit jump more than fivefold from $5.5 million to $29.1 million on the back of stable operations and a 98.2% average vessel uptime.

Brazil work: BW Offshore and Quip's P-63 FPSO is expected to start operating at Petrobras' Papa Terra field this July
Brazil work: BW Offshore and Quip's P-63 FPSO is expected to start operating at Petrobras' Papa Terra field this July
Published 22 May 2013, 07:26Updated 11 October 2016, 14:16
Europe