Q3 2020 BW Offshore Ltd Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. I am Emma, your Chorus Call operator. Welcome and thank you for joining the BW Offshore conference call. (Operator Instructions)
I would now like to turn the conference over to Marco Beenen, CEO. Please go ahead.
Good morning and welcome to the third quarter 2020 presentation of BW Offshore. In this call, I will give a general update, and our CFO, Ståle Andreassen, will cover the financial results.
Moving to the next slide, our disclaimer. Please take note.
And then moving on to highlights on Slide 3. The third quarter was a challenging quarter from an operational perspective, with both the Yùum Kâakâ Náab and the Sendje Berge FPSO experiencing shutdowns, and that impacted our commercial uptime and financial results somewhat. Our EBITDA of USD 98 million and our operating cash flow of USD 82 million were, therefore, a bit lower than previous quarter. But this is also further explained by a one-off settlement of $8 million that we had in Q2
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