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BW Offshore ( (GB:0RKH) ) has issued an announcement.
BW Offshore has completed the sale of its FPSO BW Pioneer to a subsidiary of Murphy Oil Corporation for USD 125 million, receiving an initial payment of USD 100 million. The company will continue to provide operations and maintenance services under a five-year contract, which supports its ongoing involvement in the project and maintains its industry positioning.
More about BW Offshore
BW Offshore engineers innovative floating production solutions and operates a fleet of two FPSOs, with ambitions for growth. With over four decades of experience in offshore operations and project execution, the company provides tailored offshore energy solutions for global markets. BW Offshore employs around 1,100 people and is publicly listed on the Oslo Stock Exchange.
YTD Price Performance: 2.78%
Average Trading Volume: 2,178
Technical Sentiment Signal: Strong Sell
Current Market Cap: NOK5.25B
Learn more about 0RKH stock on TipRanks’ Stock Analysis page.