Euronav NV (‘Euronav’ or the ‘Company’) has announced that the Company has sold the Suezmax vessel Felicity (2009 – 157 667 dwt) to a global supplier and operator of offshore floating platforms
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/
In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »
The Stena Forth has been contracted to drill one well, being the Marina-1 exploration well, in Karoon’s 40% owned and operated Block Z-38 in the Tumbes Basin in Peru with drilling scheduled to commence early in 1Q20.