BW Offshore: Notification of Umuroa Termination

BW Offshore Limited (BWO) has today been notified by the client Tamarind Resources that the contract for the FPSO Umuroa, currently operating on the Tui field offshore New Zealand, will not be extended.  The effective termination date will be 31 December 2019. 

BWO will now start preparing for demobilisation of the unit from the field.

For further information, please contact:

Ståle Andreassen, CFO, +65 97 27 86 47
Anders S. Platou, Head of Corporate Finance, +47 99 50 47 40

IR@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 and gas regions world-wide with a fleet of 15 owned FPSOs.  The company has more than 30 years of production track record, having executed 40 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.