Closing of the sale of Espoir Ivoirien
BW Offshore has today closed the transaction for the sale of the FPSO Espoir Ivoirien to its client for a total consideration of USD 20 million.
Following the transaction, BW Offshore will provide transitional O&M (Operations and Maintenance) services for a period of up to five months.
For further information, please contact:
Ståle Andreassen, CFO, +47 91 71 86 55
Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40
IR@bwoffshore.com or www.bwoffshore.com
About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has a fleet of 7 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 2,000 employees and is publicly listed on the Oslo Stock Exchange.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.