BW Offshore Offers Process in Relation to JV & FPSO Petroleo Nautipa
Source: www.gulfoilandgas.com 7/9/2014, Location: Europe
BW Offshore has initiated a process for reaching a mutual agreement for either of the two owners to take over the eventual 100% ownership of Tinworth Pte. Ltd., and correspondingly, the FPSO Petroleo Nautipa. Tinworth Pte. Ltd. and the FPSO is currently 50/50 owned between BW Offshore and Yinson Holdings Berhad through their respectively wholly owned Norwegian subsidiaries.