BW Offshore Completes Ownership Transaction of FPSO Petroleo Nautipa

BW Offshore has today completed the sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa.

Petroleo Nautipa is operating for Vaalco Energy in Gabon under a firm charter contract until Q3 2020, with options for additional two years. The FPSO has been with Vaalco since 2002, operating at the Etame license.

BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore has a fleet of 14 FPSOs and 1 FSO represented in all major oil regions world-wide. The company also operates additional 2 FPSOs. BW Offshore has a long track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In more than 30 years of operation, BW Offshore has executed 38 FPSO and FSO projects.

Related:

BW Offshore Initiates FPSO Talks with Yinson

BW Offshore to Take 100 Pct Ownership of Petroleo Nautipa FPSO

Press Release, October 08, 2014; Image: HMarine