Euronav sells Suezmax Felicity for offshore project
Published by Aimee Knight,
Editorial Assistant
Oilfield Technology,
A capital loss on the sale of approximately US$3.0 million will be recorded in Q4 2018. The cash generated on this transaction after repayment of debt will be US$21.1 million. The vessel has been delivered to her new owners and will be converted into an FPSO and therefore leave the worldwide trading fleet. Euronav will announce Q4 results on Thursday January 24th, 2019.
Paddy Rodgers, CEO of Euronav said: “Once again Euronav has demonstrated a capability to generate value for our stakeholders as part of our approach on fleet renewal. This is the eighth vessel we have successfully introduced into an offshore project. It reflects our reputation for providing high quality operational tonnage for the offshore sector.”
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/15012019/euronav-sells-suezmax-felicity-for-offshore-project/
You might also like
Perenco completes acquisition of oil and gas fields from Woodside Energy in Trinidad & Tobago
Perenco has announced the completion of the acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalisation of the deal, combined with Perenco’s existing operation of the Teak, Samaan and Poui (TSP) and Cashima, Amherstia, Flamboyant and Immortelle (CAFI) fields, aligns Perenco as a major oil and gas producer in country.