The P-63 unit struck first oil for Chevron and Petrobras inthe Papa Terra field off Brazil.
Delayed delivery of the unit following conversion at Coscoshipyard had cost Oslo-listed BWO’s dearly in the past.
For the three months to 30 September BWO booked a net profitof $18m against an impairment affected loss of $57.5m in the same period lastyear.
Earnings before tax and impairments (ebitda) of $115.5m
