A BW Offshore FPSO is stuck in operational and legal limbo in New Zealand after its charterer went bust.
The contract for the Umuroa was cancelled early by Tamarind Taranaki Limited (TTL), the operator of the Tui field, in October, with the company declining to extend the deal past the 31 December expiry.
BWO expected to shift the unit to Singapore for redeployment elsewhere by the end of March.
