Independent journal on economy and transport policy
17:53 GMT+1
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Saipem sells an FPSO to BW Energy for $73 million
The ship is operated in Brazil
June 27, 2022
On the basis of the Memorandum of Understanding, BW Energy will pay Saipem $73 million, including $25 million at the close of Golfinho transaction, 13 million at the time of acquisition and customs clearance of the FPSO, scheduled for 2023, and 35 million in 18 installments monthly after acquisition. Considering the terms of the Golfinho transaction, the current rental and management agreement operational between Saipem and Petrobras - expiring in February 2023 - is extended until the FPSO is acquired or alternately until June 2024, whichever is between the two terms will occur earlier.
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On the basis of the Memorandum of Understanding, BW Energy will pay Saipem $73 million, including $25 million at the close of Golfinho transaction, 13 million at the time of acquisition and customs clearance of the FPSO, scheduled for 2023, and 35 million in 18 installments monthly after acquisition. Considering the terms of the Golfinho transaction, the current rental and management agreement operational between Saipem and Petrobras - expiring in February 2023 - is extended until the FPSO is acquired or alternately until June 2024, whichever is between the two terms will occur earlier.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
