Murphy Oil Unit Acquires an FPSO for $125M

Murphy Oil Unit Acquires an FPSO for $125M in the Gulf of America
Murphy Oil Corporation MUR recently announced that its unit has entered into a Purchase and Sale Agreement to acquire the BW Pioneer floating production storage and offloading vessel (“FPSO”) from BW Offshore.
Murphy Oil purchases FPSO vessel for work in U.S. Gulf for $125M
Murphy Oil (NYSE:MUR) said post-market Wednesday that it agreed to acquire the BW Pioneer floating production storage and offloading vessel from BW Offshore (OTCPK:BWOSF) (OTCPK:BWOFY) for $125M, including an initial $100M payment upon delivery by the end of Q1 2025.
Murphy Oil Expands Operations with $125M Vessel Purchase: Details
Murphy Oil subsidiary signs purchase deal for FPSO vessel from BW Offshore. Acquisition expected to reduce operating costs and increase reserves.
Murphy Oil acquires FPSO from BW Offshore for $125m
Murphy Oil’s subsidiary has entered a sale and purchase agreement to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore for $125m (Nkr1.33bn), subject to customary closing adjustments.
BW Offshore banking $125m from sale of veteran FPSO
Oslo-listed BW Offshore has agreed the sale of one of its floating production storage and offloading (FPSO) vessels for $125m. The buyer of the 96,800-dwt BW Pioneer (built 1992) is a subsidiary of Murphy Oil, the operator of the Cascade & Chinook field in the US Gulf.
Murphy Oil signs Purchase and Sale pact for BW Pioneer vessel
Corporation announced that a subsidiary has signed a Purchase and Sale Agreement to acquire the BW Pioneer floating production
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The FPSO will remain at the Cascade and Chinook fields, which Murphy operates, in the US Gulf’s Walker Ridge region. BW ...