The recent sale of two floating production, storage and offloading units netted BW Offshore $130m.
The Oslo-listed, Andreas Sohmen-Pao-backed FPSO owner said on Wednesday that deals to sell the 28,000-bpd BW Athena (built 1994) and the 35,000-bpd BW Opportunity (built 1989) freed up $130m in liquidity, or the equivalent of NOK 7.8 ($0.71) per share.
Further, the company is in talks with the BW Opportunity’s buyer on redeployment-related work, chief executive Marco Beenen said in the company’s first-quarter earnings release.
