BW Offshore to Spin Off BW Energy

Thursday, May 30, 2019

BW Offshore plans to split off its upstream oil and gas unit in an IPO later this year. The company, known as BW Energy, will be majority owned by BW Offshore’s existing shareholders, but it will also seek to attract new owners.

“BW Energy … will invite external investors into the company to finance development of the recently acquired Maromba field offshore Brazil and value-enhancing investments at the Dussafu Marin Permit offshore Gabon,” BW Offshore said.

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