BW Offshore: Sendje Berge payment
02 June 2017 - 5:19AM
With reference to stock exchange release dated 5
May 2017.
Sendje Berge Limited, a subsidiary of BW Offshore
Limited (BWO), is pleased to announce that all outstanding day
rates in the respect of the hire of the FPSO Sendje Berge now has
been paid by Addax Petroleum Exploration Nigeria Limited
(Addax).
The payment was made in accordance with the
arbitration award from February 2017, where the tribunal declared
Addax to pay all outstanding day rates and to make no deduction
from future hire payments.
For further information, please contact:
Knut R. Sæthre, CFO, +47 9111 7876
IR@bwoffshore.com or www.bwoffshore.com
About BW
Offshore:
BW Offshore is a leading global
provider of floating production services to the oil and gas
industry. BW Offshore has a fleet of 14 owned FPSOs and one FSO
represented in all major oil & gas regions world-wide. BW
Offshore has a long track record on project execution and
operations. In more than 30 years of production, BW Offshore has
executed 38 FPSO and FSO projects. The company is listed on the
Oslo Stock Exchange.
This information is subject
to the disclosure requirements pursuant to section 5 -12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BW Offshore via Globenewswire
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