Announced
Financials
Sources
Tags
Single Bidder
Friendly
Pending
ships
Brazil
Acquisition
Majority
Cross Border
Marine Transportation
floating storage
Private
Synopsis
BW Energy, a growth-focused oil and gas company, agreed to acquire FPSO Cidade de Vitoria, a floating production storage and offloading unit, from Saipem, an Italian multinational oilfield services company, for $73m. “Establishing a solid working relationship with Brazilian authorities and other stakeholders is key to a successful Maromba development. Having two operating assets in Brazil will create several synergies and make us an attractive local employer,” Carl K. Arnet, BW Energy CEO.
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