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| Bluewater sells its interest in the FPSO Jotun |
19/1/2010 |
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HOOFDDORP, The Netherlands (19 January 2010)
Bluewater has decided to sell its 55% interest in the Jotun A FPSO to ExxonMobil Exploration and Production Norway AS and Standard Marine Nordsjø AS. |
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Standard Marine Nordsjø AS already holds the remaining 45%. The Jotun A FPSO, operated by ExxonMobil Exploration and Production Norway AS, has been producing on the Jotun field located in the Norwegian sector of the North Sea since 1999. |
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"This disposal is in line with Bluewater’s strategy to deleverage its balance sheet and to focus on its core assets and its core activities" said Hugo J. Heerema, President & CEO of the Bluewater group of companies. "The sale is good news for Bluewater and we thank ExxonMobil for the professional and effective co-operation over the years". |
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The Bluewater group of companies has built a technological lead specializing in lease and operation of tanker-based Production and Storage (FPSO/FSO) systems, and has become a leading provider of advanced Single Point Mooring (SPM) systems. For more information, please visit www.bluewater.com or please contact: |
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