BW Offshore appears poised to embark on its second operated field development as it seeks to acquire stakes in the undeveloped Maromba heavy oil field off Brazil from Petrobras and Chevron.

The Oslo-listed floating production contractor said it is contemplating the acquisition of Brazilian state-owned Petrobras’ 70% operating stake in the field as well as US supermajor Chevron’s 30% interest, which would give it 100% ownership.