Aug 28, 2023 / 07:00AM GMT
Marco Beenen - BW Offshore Limited - CEO
Okay. Good morning, everyone. Welcome to BW Offshore's Second Quarter 2023 Update. We're presenting today from our office in Karenslyst Alle. I will run you as usual through the general update and outlook. And I have here Stale Andreassen, our CFO, who will run you through the financials.
Moving to the highlights, but please note our disclaimer. Barossa is still on a very good track towards first gas in the first half of 2025. Progress is now 73% complete. We also continue with our divestments of our noncore fleet, and we completed as far Sendje Berge for proceeds of $35 million in the quarter. And we also continue with $11 million of quarterly dividend, which is a mix between cash and payments in BW Energy shares.
Other highlights, Stale will elaborate on. But quickly, the EBITDA came in at $61 million. We have an operating cash flow of $84 million, which includes Barossa prepayments and then we completed a refinancing of the revolving credit facility as well as a $200 million facility for -- based on the Catcher unit. Stale will come back to
Q2 2023 BW Offshore Ltd Earnings Call Transcript
Mar 03, 2024
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