Infrastructure

BW places Tui oil ship in liquidation

Gavin Evans
Fri, 23 Oct 2020

Gavin Evans
Fri, 23 Oct 2020
The government’s bill for decommissioning the Tui oil field looks set to get bigger after BW Offshore placed the field’s floating processing ship in liquidation.BDO has been appointed provisional liquidators of BW Umuroa Pte., the Singapore-based owner and operator of the vessel that has been moored at the field for almost a year after former operator Tamarind Resources ran out of cash.Oslo-listed BW said the ongoing losses were unsustainable and liquidation was the only option in the absence of any agreement by the Ministry of Busi...

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