BW Offshore: Contract extension for FPSO Umuroa

BW Offshore has received a one-year contract extension for the lease and operation of the FPSO Umuroa. The FPSO is operating on the Tui field offshore New Zealand for Tamarind.

The firm period has been extended to Q4 2019 (from Q4 2018).

For further information, please contact:

Knut R. Sæthre, CFO, +47 911 17 876

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:

BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW offshore is represented in all major oil & gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 39 FPSO and FSO projects. BW Offshore is listed on the Oslo Stock Exchange.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.