BW Offshore: Sale of FPSO BW Pioneer with five-year O&M contract with the buyer
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BW Offshore has agreed to sell the FPSO BW Pioneer to a subsidiary of Murphy Oil Corporation for USD 125 million. The deal includes a five-year operations and maintenance contract, with payments structured over time.
March 12, 2025 | 8:45 pm
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Murphy Oil Corporation's subsidiary is acquiring the FPSO BW Pioneer from BW Offshore for USD 125 million, with a five-year operations and maintenance contract. This acquisition could enhance Murphy Oil's operational capabilities in the Cascade & Chinook field.
The acquisition of the FPSO BW Pioneer by Murphy Oil's subsidiary is a strategic move to enhance its operations in the Cascade & Chinook field. The structured payment plan and the five-year O&M contract indicate a long-term commitment, which could positively impact Murphy Oil's operational efficiency and revenue potential.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80