Financial calendar 2011

30 December 2010 - BW Offshore will publish its financial reports on the following dates in 2011.

Q4 2010: 22 February

Q1 2011: 24 May

Q2 2011: 30 August

Q3 2011: 29 November

The financial reports will be released before the opening of the Oslo Stock Exchange, and will be followed by a presentation (including webcast). Further information will be given ahead of each report.

The Annual General Meeting will take place on 12 May. Notice will be given in due course.

BW Offshore reserves the right to revise the dates.

For further information, please contact:

Kristian Flaten, VP Finance & Investor Relations, +47 9509 2322

About BW Offshore:

BW Offshore is a leading global provider of floating production services to the oil and gas industry. With the acquisition of Prosafe Production in 2010, the company has become the world's second largest contractor with a fleet of 16 FPSOs and 3 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 over 25 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)