Q2 2024 BW Offshore Ltd Earnings Call Transcript
Good morning, and welcome, everyone to the second quarter results of BW Offshore. My name is Marco Beenen, CEO; and I will present today together with our CFO, Ståle Andreassen and please note our disclaimer and then we're moving onto highlights.
First of all, the Barossa project continues to progress by plan. And based on this quarter results and previous quarter results we have the confidence to adjust the EBITDA guidance up to USD305 million to USD315 million, and we maintain our quarterly cash dividend of USD11 million.
Moving on to the operational update, mentioned the BW or pilot phase of the Barossa project. We are now 86% complete. Pleased with the progress. As you can see on the pictures, all the topside modules have now successfully been lifted onboard. So really looks like and completed appraisal.
But obviously, there's still a lot of integration and pre-commissioning commissioning work to do while we are in the city of yard in Singapore, integration is now 75% complete, and the pre-commissioning and
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