Contract extension for FPSO Sendje Berge

(Bermuda, 24 September 2008): BW Offshore Limited is pleased to announce that Addax Petroleum Exploration has extended the lease contract for the FPSO Sendje Berge by two years until March 2011. Addax has additional options for a period of up to two years. The FPSO is operating on the Okwori field offshore Nigeria, with a production uptime of 99.9 per cent since start-up in March 2005.
 
For further information, please contact:
Carl K. Arnet, CEO BW Offshore, +65 9630 3290
Knut R. Sæthre, CFO BW Offshore, +47 9111 7876
 
 
BW Offshore is one of the world's leading FPSO contractors and a market leader within advanced offshore loading and production systems to the oil and gas industry. BW Offshore has more than 25 years' experience and has successfully delivered 13 FPSO projects and 50 turrets and offshore terminals. BW Offshore's technology division APL has delivered solutions for production vessels, storage vessels and tankers in a wide range of field developments. Adapting through competence, in-house technology, solid project execution and operational excellence, BW Offshore ensures that customer needs are met through versatile solutions for offshore oil and gas projects. BW Offshore has a global network with offices in Europe, Asia Pacific, West Africa and the Americas. BW Offshore has 1,200 employees and is listed on the Oslo Stock Exchange. For more information, please visit www.bwoffshore.com and www.apl.no.