Oslo-listed BW Offshore has brought in international investors to help finance its new floating production storage and offloading vessel in Australia.
The company has formed a joint venture with Australian lender Macquarie and a Japanese group comprising Itochu Corp and Meiji Shipping to provide $240m in equity for the project in the Barossa gas field operated by Santos.
BW Offshore said in March it had won a 15-year contract worth $4.6bn
