Addax terminates contract for FPSO Sendje Berge

BW

Addax Petroluem has terminated a contract with BW Offshore for an FPSO operating offshore Nigeria after losing a dispute related to payment of outstanding dayrates for the unit.

BW Offshore and Addax Petroleum, a subsidiary of Sinopec, had been in a dispute over unpaid dayrates for the FPSO Sendje Berge operating on the Okwori field offshore Nigeria since last year.

BW Offshore said that the termination would have effect from November 6, 2017.

 

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