March 30 (Reuters) - BW Offshore Ltd BWO.OL :
* FINAL INVESTMENT DECISION MADE FOR BAROSSA FIELD DEVELOPMENT
* SANTOS LTD. AND ITS PARTNERS HAVE MADE FINAL INVESTMENT DECISION (FID) FOR DEVELOPMENT OF BAROSSA GAS FIELD
* CONTRACT FOR SUPPLY OF FPSO TO BAROSSA GAS FIELD IS EFFECTIVE AS OF 30 MARCH 2021
* FIRM PERIOD CONTRACT VALUE IS USD 4.6 BILLION
* LEASE AND OPERATE CONTRACT HAS A FIRM PERIOD OF 15 YEARS, WITH 10 YEARS OF OPTIONS.
* INITIAL GAS PRODUCTION FROM FPSO IS EXPECTED DURING FIRST HALF OF 2025