Published

BW Offshore: First gas on BW Joko Tole

The FPSO BW Joko Tole has received first gas on the TSB field offshore Indonesia. The final acceptance tests have successfully been completed and the firm contract period has commenced.

BW Offshore has a ten year firm contract with Kangean Energy, with options for additional four years.

The partners in Kangean Energy and the TSB field are: Energi Mega Persada (50%), Mitsubishi (25%) and Japan Petroleum Exploration (25%).

For further information, please contact:

Knut R. Sæthre, CFO, +47 9111 7876 (Media)

Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322 (Investors/analysts)

About BW Offshore:

BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore is the world's second largest contractor with a fleet of 14 FPSOs and 2 FSOs represented in all major oil regions world-wide. BW Offshore has an excellent track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In 30 years of production, BW Offshore has successfully executed more than 30 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange. Further information is also available on www.bwoffshore.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)