[Nigeria] FPSO Sendje Berge (Divested)

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escveritas
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[Nigeria] FPSO Sendje Berge (Divested)

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02.07.2020
BW OFFSHORE: SENDJE BERGE UPDATE

On 2 July 2020, at approximately 4:20 am local time, BW Offshore’s FPSO Sendje Berge was subject to an attack by pirates offshore Nigeria in which nine Nigerian nationals were kidnapped.

The incident onboard the FPSO has ended and none of those remaining onboard have suffered physical injuries.

BW Offshore is cooperating with local authorities, represented on site by the Nigerian Navy.

Sendje Berge is situated on the Okwori field in Nigeria on contract to Addax Petroleum.

BW Offshore expects to provide further updates as more information becomes available.
escveritas
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Re: FPSO Sendje Berge

Unread post by escveritas »

02.07.2020
BW OFFSHORE: SENDJE BERGE UPDATE

On 2 July 2020, at approximately 4:20 am local time, BW Offshore’s FPSO Sendje Berge was subject to an attack by pirates offshore Nigeria in which nine Nigerian nationals were kidnapped.

The incident onboard the FPSO has ended and none of those remaining onboard have suffered physical injuries.

BW Offshore is cooperating with local authorities, represented on site by the Nigerian Navy.

Sendje Berge is situated on the Okwori field in Nigeria on contract to Addax Petroleum.

BW Offshore expects to provide further updates as more information becomes available.
escveritas
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Re: FPSO Sendje Berge

Unread post by escveritas »

07.08.2020
BW OFFSHORE: SENDJE BERGE UPDATE

Sendje Berge update

With reference to stock exchange release dated 2 July 2020.

BW Offshore is very pleased that all of the offshore employees have been safely released.

The Company would like to extend its gratitude to those involved in the safe release of everyone who were abducted from the FPSO Sendje Berge on 2 July 2020.
escveritas
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Re: FPSO Sendje Berge

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Impairment and gain on sale of shares
14 February 2022

BW Offshore has decided to record an impairment to the book value of the FPSOs BW Athena, Espoir Ivoirien, Sendje Berge, Petróleo Nautipa and Umuroa amounting to USD 66.6 million in the fourth quarter of 2021. The impairment reflects reduced expectation of longer term extensions to current contracts for the listed vessels that are still in operation, as well as limited potential for future redeployment for the same units and for the abovementioned FPSOs that are in lay-up.

In addition, the company will record an impairment of USD 23.8 million related to the previously announced sale of Joko Tole and associated loss from the transaction. The company will further reverse a previous impairment of USD 4.2 million related to the sale of Cidade de São Vicente.

BW Offshore will also record a gain of USD 14.9 million from the sale of shares in BW Energy in October 2021.

The impairments and gain will be included in the fourth quarter earnings and annual 2021 accounts which will be published on 28 February 2022.
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Re: [Nigeria] FPSO Sendje Berge

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Contract extension for Sendje Berge

04 November 2022

Contract extension for Sendje Berge

BW Offshore has signed an agreement with Addax Petroleum Exploration (Nigeria) Limited for a six-month extension for the lease and operation of Sendje Berge. The firm period has been extended to Q2 2023.
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Re: [Nigeria] FPSO Sendje Berge

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Closing of the sale of Sendje Berge
07 July 2023

BW Offshore has today closed the transaction for the sale of the FPSO Sendje Berge to a local FPSO owner and operator for a total consideration of USD 15 million. Following the transaction, the buyer has assumed responsibility for operations of the unit.

The unit has now completed more than 18 years on the Okwori field since it commenced operations in April 2005.
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