BW Offshore: Signs Head of Agreement with Equinor for Bay du Nord FPSO
1. BW Offshore signs HoA with Equinor for Bay du Nord FPSO unit. 2. Project involves 400 million barrels of recoverable crude oil. 3. FPSO expected to produce 160,000 barrels daily, enhancing long-term viability. 4. BW Offshore to establish a local office in Newfoundland. 5. The agreement shows Equinor's confidence in BW Offshore's capabilities.