BW Offshore said its earnings before tax had been negatively impacted by an accident earlier this year offshore Brazil. The company said the recovery project for the FPSO (Floating Production Storage and Offloading) vessel was still ongoing. In March an explosion on the Cidade de Sao Mateus killed nine of the 74 people on board.
BW Offshore said three remaining crew missing after an explosion had been recovered. The announcement means the total number of fatalities following the incident stands at nine workers. Last month an explosion occurred on Floating Production Storage and Offloading (FPSO) unit Cidade de Sao Mateus.
BW Offshore said six people are now confirmed to have died following an explosion onboard an FPSO (Floating Production, Storage and Offloading ) unit in Brazil. Three crew members are still missing following the incident one week ago with search and rescue operations continuing. Another five personnel are continuing to receive medical attention in hospital, the company said.
BW Offshore has cut its dividend following the decline in oil prices and a fatal accident in Brazil last week. The Norwegian company said it plans a dividend of two US cents per share between October and December. The amount is one cent less than in recent quarters and below expectations for three cents.
Singapore-based Dyna-Mac has been awarded a contract worth a preliminary estimate of $89million to construct FPSO topside modules and one flare tower for BW Offshore. The company’s prepatory work is for the vessel which will operate at Premier Oil’s Catcher oil fields in the North Sea.
Floating production ship contractors BW Offshore have been given a two year contract extension for the lease of their vessel the Berge Helene. The deal with PETRONAS Carigali Mauritania 1 will now end in 2017, rather than the second quarter of 2015.