Norway’s BW Offshore has offloaded a veteran floating production storage and offloading (FPSO) vessel as it plots a move into ammonia production.

The 277,000-dwt BW Opportunity (built 1989) has gone to an unnamed buyer for $125m, with delivery expected by the end of March.

BW Offshore is now exploring a five-year contract with the new owner to oversee engineering, commissioning, operations and maintenance services for the FPSO.