BW Offshore has 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.

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.

BW Offshore press release