BW Group FPSO company BW Offshore (BWO) is planning a separate listing in Oslo for its exploration and production (E&P) business.
BW Energy will be set up "with a diversified portfolio of production and development assets," it said.
BWO said there is substantial growth potential with its unique low-risk development strategy supported by its FPSOs, track record and experience
It is in advanced talks for $200m of loans based on the Dussafu field reserves off Gabon.