Jun 02, 2025 / 07:00AM GMT
Marco Beenen - BW Offshore Ltd - Chief Executive Officer
Good morning and good afternoon. Welcome to our first quarter update of BW Offshore. My name is Marco Beenen, CEO. And I'm taking this call together with our CFO, Stale Andreassen.
I'll start with the disclaimer.
And then moving on to highlights.
First of all, BW Opal is on its way to Australia on track for first gas in the third quarter. We have signed an agreement to sell BW Pioneer for USD125 million, and that comes together with a five-year operations and maintenance contract to support our client Murphy with operational continuity. And then we won a USD36 million arbitration settlement which was in connection to disputed payments with our client Prio, formerly Petto Rio, that was during our operations of Polvo in Brazil.
And we continue our shareholder distribution program and that marks the 21st consecutive quarterly dividend payment. Moving on with an update on our operations. Starting with BW Paul. As I said, BW Pa left the city yard fully commissioned, and that was on the May 28. It will take about two
Q1 2025 BW Offshore Ltd Earnings Call Transcript
Jun 02, 2025
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