First oil cargo offloaded from BW Adolo FPSO

BW Offshore is pleased to announce that the first cargo of oil was successfully offloaded from the BW Adolo FPSO on 2 December. A total of 550,000 bbls of oil were transferred from the FPSO to a tanker which will transport the crude oil to a refinery.

The BW Adolo achieved first oil from the Tortue field offshore Gabon on 16 September after completing hook up of mooring systems and installation of risers and umbilicals. The field development and start of production on the Dussafu license has progressed within budget and on schedule without any harm to people or the environment.

The BW Adolo FPSO is installed on the Tortue field, one of five proven discoveries in the Dussafu license. The BW Adolo is a converted VLCC with an oil storage capacity of up to 1,350,000 barrels and a production capacity of up to 40,000 barrels oil per day. The vessel has undergone an increased life extension scope enabling an extended production profile on the back of positive reserve developments.

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 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.