Bumi wants to buy the unit “pending board approval”, sources told Upstream.

However, others said that the sales process still had some way to run, adding another buyer could emerge.

The Schiehallion vessel is being replaced by a brand new FPSO under construction in South Korea as part of the massive Quad 204 redevelopment of the Schiehallion and Loyal fields.

Once disconnected later this year, the FPSO will head to the Keppel Verolme shipyard, where work will be carried out in preparation for sale, BP confirmed this week.