Offshore staff
OSLO, Norway – BW Offshore says that it intends to recycle the FPSO Umuroa in compliance with the Hong Kong International Convention at Baijnath Melaram yard in India. The company confirmed that the sale of this FPSO will generate a cash consideration of $13.5 million in net liquidity.
In its 4Q 2021 results report, BW Offshore explained that the FPSO Umuroa was in cold lay-up in Indonesia and, at that point, the firm was evaluating recycling options since this FPSO was one of the remaining two candidates for recycling.
The FPSO operator’s update regarding the recycling of this FPSO explains that the Indian yard where the vessel will be sent is certified to ISO standards and has been issued with a statement of compliance by Class NK in accordance with the IMO Resolution MEPC.210(63) and the Hong Kong International Convention for the safe and environmentally sound recycling of ships.
Converted in 2009, the FPSO Umuroa had an oil production capacity of 50,000 bbl/d and a storage capacity of 789,000 bbl. This FPSO had worked on the Tamarind-operated Tui field, located offshore New Zealand, from 2007 until Tamarind terminated the contract in October 2019.
03/14/2022
