BW Offshore: Closing of the divestment of BW Joko Tole


BW Offshore has closed the transaction for the sale of the FPSO BW Joko Tole to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in consortium with PT Buana Lintas Lautan Tbk, a company publicly listed in Indonesia.

BW earlier this year received a one-year contract extension for the lease and operation of the gas FPSO on the TSB field. The company previously stated it would provide transition services for up to four months after the sale had closed to ensure the safe and uninterrupted transfer of operations.

The FPSO divestment is part of BW Offshore’s strategy to transition to floating energy infrastructure investments.