Oslo-listed BW Offshore has agreed the sale of one of its floating production storage and offloading (FPSO) vessels for $125m.
The buyer of the 96,800-dwt BW Pioneer (built 1992) is a subsidiary of Murphy Oil, the operator of the Cascade & Chinook field in the US Gulf.
The transaction includes an initial payment of $100m on delivery at the end of the current contract period on 18 March.
