15 December 2025 – BW Energy has converted a short-term lease for the Super Gorilla class jack-up BW MAROMBA B, originally signed in September 2025, into a long-term project lease agreement with Minsheng Financial Leasing Co. Ltd. (MSFL) for use on the Maromba development.
The new lease covers the purchase of the rig and all costs needed to bring the BW MAROMBA B wellhead platform to drilling and production readiness. It accounts for $274 million of the previously communicated Maromba CAPEX and serves as lease financing during the project’s development phase, followed by a ten-year lease term.
The lease is set to commence at first oil from the Maromba field, with no payments due before that point. Once it comes into effect, the agreement carries a fixed day rate of $120,500, providing predictable lease costs over the full term.
Thomas Young, CFO of BW Energy, said the company has put in place lease financing that covers the entire Maromba wellhead platform investment and builds on its relationship with MSFL. He added that the arrangement demonstrates how BW Energy continues to use repurposed production infrastructure to deliver cost-efficient greenfield developments.
The BW MAROMBA B is currently sailing from Singapore to Dubai and is expected to arrive before year-end. At a yard in Dubai, the unit will be refurbished and converted into a fully integrated drilling and production platform. The unit’s recent drilling service in Australia supports an efficient upgrade and refurbishment programme.
After the conversion work is completed, the rig will mobilise to Brazil and start drilling and completion activities in line with the phased development plan for the Maromba field.
