BW Offshore secures EPCI and operation contract for Barossa FPSO in Australia By GlobalData 30 Apr 2021 (Last Updated April 30th, 2021 10:02) Oil and gas contract activity in Q1 2021 witnessed a decrease in the number of contracts while the contract value has seen an increase. Share Article Oil and gas contract activity in Q1 2021 witnessed a decrease in the number of contracts while the contract value has seen an increase. The notable contracts include BW Offshore’s $4.6bn contract for Engineering, Procurement, Construction, Installation (EPCI), lease and operation of Barossa Floating Production, Storage and Offloading (FPSO), offshore Darwin in Australia, and Arabian Industries and Special Technical Services’ $4bn contract from Petroleum Development Oman (PDO) for the significant, spanning the execution of maintenance, integrity, field improvement proposals, turnaround activities, and the delivery of brownfield projects in the North and South of its concession area in Oman.