Reassign operatorship and recalibrate vessel and fabrication sourcing

Baleine FPSO; Source: Altera Altera Infrastructure has executed principal agreements with Eni for the supply of a newbuild FPSO for the Baleine Phase 3 development offshore Côte d’Ivoire, for which a final investment decision (FID) was made in May 2026. These agreements cover the engineering, procurement, construction, installation and commissioning (EPCIC) of a new FPSO vessel, together with a fixed 15-year bareboat charter that will support long-term production from the Baleine field

The next phase further strengthens the firm’s long-term strategic partnership with Eni while significantly expanding the company’s presence in Côte d’Ivoire

Upon completion of construction, Altera will own the FPSO and provide long-term operations under the 15-year charter and associated operating agreements. The firm claims to have completed the largest and most complex financing in its history, securing long-term committed funding from international institutional investors

As a result, the next chapter is perceived to reconnect the Australian player with that history, as it builds on a legacy that started in the region. Given that the transition involves the transfer of operatorship, not asset ownership, Liz Westcott, Woodside’s CEO, emphasized: “Bringing the Gippsland Basin assets into Woodside is also a homecoming, returning us to the state where, more than 70 years ago, our company began

headquartered energy major ExxonMobil for assets situated off Victoria’s Gippsland coast. Illustration; Source: ExxonMobil Following the duo’s agreement to transfer the operator role to Woodside for the Bass Strait assets, described as Australia’s first major offshore oil and gas development, the operatorship of the Gippsland Basin assets transferred from ExxonMobil to the Australian player on June 1, 2026, marking a historic day for the company, as it returns to its roots in Victoria

Given that the transition involves the transfer of operatorship, not asset ownership, Liz Westcott, Woodside’s CEO, emphasized: “Bringing the Gippsland Basin assets into Woodside is also a homecoming, returning us to the state where, more than 70 years ago, our company began. ” The Gippsland assets include the Gippsland Basin Joint Venture (GBJV) and the Kipper Unit Joint Venture (KUJV)

” The 2010-built AHTS Skandi Vega was designed for deepwater anchor handling during demanding environmental conditions

AHTS Skandi Vega; Source: DOF DOF has confirmed a contract extension for the AHTS Skandi Vega with Equinor. As a result, the vessel will stay for two more years with the Norwegian giant, keeping the ship occupied until Q3 2029

AHTS Skandi Vega; Source: DOF DOF has confirmed a contract extension for the AHTS Skandi Vega with Equinor

Fabrice Vandewalle, Sales Manager of LNG/Cryogenic at Svanehoj France, commented: ”This marks the first time we are supplying our LTD gauging systems for an LNGC-to-FSU conversion, and the project supports our ambition to strengthen Svanehoj’s presence in offshore LNG infrastructure. “In conversion projects, existing equipment is often no longer sufficient for the vessel’s new role

The overall conversion project includes extensive vessel modifications, ranging from steel fabrication and piping installation to new process modules, tank coating, and life-extension work under Lloyd’s Register classification. As part of the conversion, Svanehoj will supply four LTD gauging systems to replace the existing float-type level gauges on board

“In conversion projects, existing equipment is often no longer sufficient for the vessel’s new role. Advanced monitoring and safety systems are essential for safe and reliable long-term offshore operation