Brief: BW Offshore Provides Update On Gato Do Mato Project

Bw Offshore

21/11/2022 16:29

Nov 21 (Reuters) - Bw Offshore Ltd  BWO.OL :
    * REG-BW OFFSHORE: UPDATE ON GATO DO MATO PROJECT
    * BW OFFSHORE - ADVISED BY SHELL BRASIL THAT FINAL
INVESTMENT
DECISION ON GATO DO MATO PROJECT IN BRAZIL WILL NOT BE MADE
WITHIN NEXT 12 TO 24 MONTHS
    * COMPANY EXPECTS TO RECEIVE FORMAL NOTIFICATION TERMINATING
LIMITED NOTICE TO PROCEED (LNTP) IN DUE COURSE
    * BW OFFSHORE WILL BE REIMBURSED FOR COSTS INCURRED IN LINE
WITH
AGREED TERMS OF LNTP

Source text for Eikon:  ID:nGNE9Xk3KL 
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