BW Offshore sells off FPSO asset

Norway

OSLO, March 13, 2023 – BW Offshore has agreed to sell one of its FPSOs for USD 125 million to an undisclosed party, the Norwegian oil services company announced on Friday.

The sale of the BW Opportunity to a third party is expected to be completed in Q1 2023.

The vessel is capable of handling gas production of 9.91 mcm (350 mcf) of gas per day and 35,000 bopd. It has a storage capacity of 900,000 barrels.

The company is also pursuing provision of EPCC and operations and maintenance services with the company under a five-year transitional contract.

BW Offshore currently has a fleet of 10 FPSOs and employs around 2,000 employees.

Cost of the transaction was not disclosed.

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