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Disputed contract for BW Offshore FPSO terminated

Disputed contract for BW Offshore FPSO terminated

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Having won an arbitration award in March over a dispute regarding contract rates, BW Offshore has now had its contract for FPSO Sendje Berge terminated by Addax Petroleum Exploration Nigeria.

The Sendje Berge FPSO has been operating offshore Nigeria since March 2005. Addax has now terminated the contract from November 6, and requested a demobilisation plan.

BW said it plans to continue the process of enforcing the arbitration award, which is worth $61.8m.

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Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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