BW Energy Converts Lease for BW Maromba B to Long-term Deal with Minsheng Financial

02:17 AM EST, 12/15/2025 (MT Newswires) -- BW Energy (BWE.OL) said Monday it agreed to a long-term lease of the BW Maromba B jack-up rig with Minsheng Financial Leasing Co, converting a short-term deal signed in September. The new 10-year lease has a fixed daily rate of $120,500 and will take effect upon first oil at the Maromba development site in Brazil. It covers rig purchase and expenses needed to prepare the Super Gorilla-class rig for production. Currently, the rig is en route to Dubai, United Arab Emirates, from Singapore for refurbishment into a fully integrated drilling and production platform.