Brief: BW Offshore Decides To Record Impairment

Bw Offshore

10/02/2021 11:02

Feb 10 (Reuters) - BW Offshore Ltd  BWO.OL :
    * DECIDED TO RECORD AN IMPAIRMENT TO BOOK VALUE OF FPSOS
BERGE
HELENE, BW CIDADE DE SÃO VICENTE AND ESPOIR IVOIRIEN AMOUNTING
TO USD 59.6 MILLION IN Q4 OF 2020
    * IMPAIRMENTS REFLECT CONTINUED UNCERTAINTY AROUND
REDEPLOYMENT
AND EXTENSION FOR CERTAIN OLDER UNITS IN FLEET
    * UNCERTAINTY IS TIED TO CURRENT MARKET VOLATILITY AND
FUTURE
DEVELOPMENT OF OIL PRICES, AND ALSO CONSIDERING INCREASED FOCUS
ON ENERGY TRANSITION.

Source text for Eikon:  ID:nGNE6zNZXk 
Further company coverage:  BWO.OL 

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