The pair currently hold a 50:50 stake in the Petroleo Nautipa FPSO through joint venture company Tinworth.
However, BW revealed on Wednesday the duo were in the process of reaching a mutual agreement for either of the two owners to eventually take a 100% interest in Tinworth and, correspondingly, the FPSO.
BW did not indicate if it would prefer to consolidate its ownership in the FPSO or sell it off, but said that it expected to make an announcement on the execution of a sale and purchase agreement within the next two weeks.
Yinson
