Oslo-listed BW Offshore (BWO) is scrapping a laid-up FSO built in 1980.

The 361,000-dwt former ULCC Belokamenka will be recycled in compliance with the Hong Kong Convention, the company said.

The Japanese-built unit, previously known as Berge Pioneer, has been stacked in Indonesia since completing a contract as a crude oil terminal for Rosneft off Murmansk, Russia, in late 2015.