STAC acquires Abo Field FPSO from BW Offshore

Sept. 19, 2023
BW Offshore has completed the sale of the Abo FPSO to STAC Marine Offshore.

Offshore staff

OSLO, Norway  BW Offshore has completed the sale of the Abo FPSO to STAC Marine Offshore, part of the Nigerian Transport Group (STAC).

Under the terms of the $20 million transaction, BW Offshore has now entered a bareboat charter with STAC providing for uninterrupted operations during a transition period of up to two months, after which STAC will assume responsibility for operating the vessel.

Keppel Shipyard converted the FPSO, originally a Suezmax tanker constructed in 1976, and since 2003 it has operated on the Abo Field offshore Nigeria.

09.18.2023

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The Abo FPSO.
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Courtesy Altera Infrastructure Holdings
Courtesy SBM Offshore's "Full-year Results 2023" presentation