National Oilwell Varco (NOV) has acquired BW Offshore subsidiary Advanced Production and Loading (APL).

APL delivers turret mooring systems and other products for offshore vessels and terminals.

NOV chairman, president and CEO Pete Miller said that the company considers the FPSO market to be the next phase of deepwater development in the oil and gas sector, and the acquisition will enhance its offshore production equipment offerings.

NOV provides design and manufacturing services, equipment and components for oil and gas drilling and production operations, oilfield services and supply chain integration services to the upstream oil and gas industry.