BW Offshore sells FPSO in Indonesia

Indonesia

JAKARTA, June 6, 2022 – BW Offshore has completed the sale of the BW Joko Tole FPSO to the vessel’s current operating consortium in Indonesia, the offshore asset contractor announced on Friday.

The group consisting of Indonesian players Bahari Inti Tanker, PT Cahaya Haluan Pasifik and PT Buana Lintas Lautan has the vessel producing gas from the Terang Sirasun Batur field.

The sale of the asset was announced in March 2022 with the goal of freeing up more than USD 50 million for the company.

BW Offshore stated that it will provide transition services for up to four months following the sale.

Read our latest insights on:

• Indonesia

Previous

Woodside completes oil and gas merger with BHP

Next

Marathon begins building US biofuels plant