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Africa: BW Offshore wraps up much-anticipated sale of Nigerian FPSO
After BW Offshore marked the FPSO Abo for sale, the divestment process was previously expected to close in 1H 2023. According to the Norwegian player, the FPSO was sold to STAC Marine Offshore Limited, a member of the Nigerian Transport Group (STAC) for $20 million on Friday, 15 September 2023. As part of the transaction, the duo entered into a bareboat charter to allow for uninterrupted operations during a transition period of a maximum of two months….
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