Oslo: BW Offshore has signed facility documentation for a new $80m senior secured credit facility for the FPSO Petroleo Nautipa. The loan has a tenor of 7.5 years and will be used for general corporate purposes, the company said in a release.
BW took 100% ownership of the FPSO last year from Malaysia’s Yinson Holdings. The vessel is currently operating for Vaalco Energy in Gabon under a firm charter contract until September 2020, with options for an additional two years.
