UK Markets closed

BW Offshore sells FPSO for $125 million

COPENHAGEN (Reuters) - Norwegian oil services company BW Offshore on Friday said it had signed an agreement to sell its floating production, storage and offloading (FPSO) vessel BW Opportunity to an undisclosed third party for $125 million.

The sale is expected to be completed by the end of the first quarter of this year.

(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)