Major FPSO company says not enough competitors for big high-cost projects

BW Offshore sees a shift away from the lease and operate model due to the high cost and risk to the FPSO contractor

Lease and operate model hard to finance: BW Offshore chief executive Marco Beenen
Lease and operate model hard to finance: BW Offshore chief executive Marco BeenenPhoto: BW OFFSHORE
Published 1 March 2024, 07:26Updated 4 March 2024, 08:43