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BW Offshore Selling FPSO To Focus On Floating Energy Investments

Indonesia: BW Offshore announces agreement to divest the FPSO BW Joko Tole

BW Offshore has signed an agreement for the sale of the FPSO BW Joko Tole, which is currently operating on the TSB field offshore Indonesia. The sale will free up over USD 50 million of liquidity, comprising of net sale proceeds of USD 42.5 million and the release of USD 9 million of working capital upon closing.

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