Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/sendje-berge-termination.shtmlSendje Berge Termination
Sendje Berge Limited, a subsidiary of BW Offshore Limited (BWO), has received termination notice for the FPSO Sendje Berge operating under a contract with Addax Petroleum Exploration Nigeria Limited (Addax)...
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Sendje Berge Limited, a subsidiary of BW Offshore Limited (BWO), has received termination notice for the FPSO Sendje Berge operating under a contract with Addax Petroleum Exploration Nigeria Limited (Addax) on the Okwori field offshore Nigeria.
The termination will have effect from 6 November 2017 and Addax has requested BWO to provide a demobilisation plan for the FPSO.
BWO will continue the process with the enforcement of the arbitration award for all outstanding claims against Addax. The outstanding gross claim at the end of the first quarter 2017 was USD 61.8 million.
