Brief: BW Offshore Records Impairment And Gain On Sale Of Shares

Bw Offshore

14/02/2022 06:43

Feb 14 (Reuters) - BW Offshore Ltd  BWO.OL :
    * IMPAIRMENT AND GAIN ON SALE OF SHARES
    * HAS DECIDED TO RECORD AN IMPAIRMENT TO BOOK VALUE OF SOME
FPSOS
AMOUNTING TO USD 66.6 MILLION IN Q4 OF 2021
    * TO RECORD AN IMPAIRMENT TO BOOK VALUE OF FPSOS BW ATHENA,
ESPOIR
IVOIRIEN, SENDJE BERGE, PETRÓLEO NAUTIPA AND UMUROA
    * WILL ALSO RECORD A GAIN OF USD 14.9 MILLION FROM SALE OF
SHARES
IN BW ENERGY IN OCTOBER 2021.
    * ALSO WILL RECORD IMPAIRMENT OF USD 23.8 MILLION RELATED TO
PREVIOUSLY ANNOUNCED SALE OF JOKO TOLE AND ASSOCIATED LOSS FROM
DEAL
    * IMPAIRMENTS AND GAIN WILL BE INCLUDED IN Q4 EARNINGS AND
ANNUAL
2021 ACCOUNTS WHICH WILL BE PUBLISHED ON 28 FEBRUARY 2022.

Source text for Eikon:  ID:nGNE8lKPf8 
Further company coverage:  BWO.OL 

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