BW Offshore has completed the sale of the Abo FPSO to STAC Marine Offshore.
Courtesy BW Offshore
Offshore staff
OSLO, Norway —BW Offshore has completed the sale of the Abo FPSO to STAC Marine Offshore, part of the Nigerian Transport Group (STAC).
Under the terms of the $20 million transaction, BW Offshore has now entered a bareboat charter with STAC providing for uninterrupted operations during a transition period of up to two months, after which STAC will assume responsibility for operating the vessel.
Keppel Shipyard converted the FPSO, originally a Suezmax tanker constructed in 1976, and since 2003 it has operated on the Abo Field offshore Nigeria.
