BW Offshore sells Okwori FPSO

Offshore staff

OSLO, Norway — BW Offshore has completed the sale of the FPSO Sendje Berge to a local FPSO owner and operator in Nigeria for $15 million. The new buyer has assumed responsibility for operations.

Since startup in April 2005, the platform had operated on the Okwori Field for Addax, producing up to 50,000 bbl/d of oil, with a gas handling capacity of 55 MMcf/d and oil storage capacity of 2 MMbbl.

Earlier this month, BW Offshore signed a short-term extension for the Abo FPSO with Nigerian Agip Exploration Ltd., a subsidiary of Eni, until July 31, 2023.

And in mid-June, BW Offshore closed the transaction for the sale of the FPSO Espoir Ivoirien to its client for a total consideration of $20 million. Following the transaction, BW Offshore said it will provide transitional operations and maintenance services for a period of up to five months.

07.10.2023