Mexican national oil company Pemex has taken over the ownership and operation of the floating production, storage and offloading vessel at the Kuu-Maloob-Zaap field offshore Mexico.

Norwegian FPSO company BW Offshore (BWO) said that, with effect from 22 July 2022, Pemex had assumed the ownership and operation of the Yuum KakNaab FPSO in accordance with the terms of the 15-year contract that began in 2007 between Pemex and BWO.

“Following the transfer, BW Offshore has no obligation to provide further operational services to Pemex,” the company said.