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April 2025 – BW Energy has approved the Final Investment Decision (FID) for its Golfinho Boost project, a strategic initiative aimed at enhancing oil recovery from the Golfinho field, located offshore Brazil in the Espírito Santo Basin. The project is designed to increase production by approximately 3,000 barrels of oil per day by 2027 and unlock an additional 12 million barrels of recoverable reserves. The total investment is expected to reach $107 million.
The Golfinho Boost project consists of a comprehensive set of upgrades:
Subsea System Revamp: Transitioning from gas lift to seabed-installed electrical submersible pumps (ESPs) to boost extraction efficiency and reduce operating costs.
Well Reactivation: Bringing previously shut-in wells back online to tap into untapped hydrocarbon zones.
Infrastructure Modernization: Upgrading critical subsea infrastructure, including replacing aging umbilicals and enhancing the processing capacity of the FPSO Cidade de Vitória.
Operational Optimization: Streamlining field logistics and maintenance strategies to improve uptime and production sustainability.
BW Energy is an independent oil and gas company listed on the Oslo Stock Exchange. It is part of the BW Group, a global maritime group involved in shipping, offshore, and energy infrastructure. BW Energy was formed to focus on low-risk offshore oil and gas field development through phased investment, utilizing proven infrastructure and innovative solutions to minimize upfront costs and reduce time to first oil.
The company operates in three main offshore regions: West Africa (notably the Dussafu Marin Permit offshore Gabon), Brazil (Golfinho and Camarupim clusters), and Namibia (Kudu gas field). BW Energy’s strategy centers on value creation through incremental development and optimized resource recovery, particularly from mature or underdeveloped offshore assets.
Acquired from Petrobras in August 2023, the Golfinho field is located in water depths of 1,300 to 2,200 meters. The field has been producing since 2007 and includes six subsea wells tied back to the FPSO Cidade de Vitória. BW Energy's acquisition also included the adjacent Camarupim Cluster, which provides potential for future synergies and phased developments.
The FID on the Boost project marks the first major investment by BW Energy in the Golfinho field post-acquisition, signaling a long-term commitment to increasing asset value and production stability in Brazil.
In high-stakes offshore oil and gas developments such as Golfinho, the use of clad metal plates is essential for enhancing the durability and safety of critical infrastructure. Clad plates are composite materials combining a corrosion-resistant alloy (such as stainless steel or titanium) bonded to a structural steel base. They are widely used in:
Subsea Pipelines and Flowlines: Offering resistance to corrosion, especially in high-pressure and sour service environments.
Pressure Vessels and Heat Exchangers: Ensuring longevity in topside processing units by withstanding thermal stress and aggressive fluids.
FPSO Topsides and Subsea Modules: Protecting key processing equipment and piping from corrosion-induced failures.
The integration of clad plates in the Golfinho Boost project will help extend the lifespan of both new and existing equipment, reduce maintenance costs, and ensure operational safety in a highly corrosive offshore environment.
Nanjing Fugo New Material Tech Co., Ltd. (Fugo Tech) is an ISO 9001 and PED 2014/68/EU certified manufacturer specializing in Clad Material (Explosive Clad Plates & Rolled Clad Plate, Clad Bar & Clad Transition Joints) and Titanium, Nickel Alloy, and Stainless Steel products (Pipe/Fitting/Flange/Fastener) which are widely used in the Heat Exchanger, Pressure Vessel, Reactor, Column, Tower, and other process equipment.
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Fugo Tech is focused on the manufacturing of clad metal plate and distributes the Stainless Steel, Titanium, Nickel Alloy, Zirconium and other non-ferrous metal pipes, fittings, flanges, and fasteners.
