BW Energy Confirms FID for Maromba Field with $1.5 Billion Investment
BW Energy has approved the Final Investment Decision (FID) for the development of the Maromba Field, located in Brazil’s Campos Basin. The company plans to invest approximately USD 1.5 billion to reach a production target of 60,000 barrels of oil equivalent per day (boed) by late 2027. Estimated recoverable volumes are around 500 million barrels over an eight-year production horizon.
Operations will be supported by the FPSO BW Maromba, formerly Polvo, which is undergoing a life-extension upgrade at COSCO SHIPYARD in China. The vessel will feature a storage capacity of 1 million barrels, along with capabilities to handle 100,000 barrels of total liquids daily, produce 65,000 barrels of oil per day, and treat 85,000 boed of water.
This is the second FID announced by BW Energy in recent weeks. Earlier in April, the company confirmed a decision to move forward with a production-boosting project at the Golfinho Field, located in the Espírito Santo Basin.
BW Energy: another FID
