Signed five-year contract for BW Pioneer with five-year option

Signed five-year contract for BW Pioneer with five-year option

BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer on the Cascade and Chinook fields on behalf of MP Gulf of Mexico, LLC (MP GOM) with a five-year option to extend. The firm period commences in direct continuation of the current contract and lasts until March 2025.

“We are very pleased to have reached a long-term agreement with MP GOM for the BW Pioneer, confirming our strong relationship with MP GOM on the Cascade and Chinook fields”, said Marco Beenen, the CEO of BW Offshore.

MP GOM is a partnership between Murphy Exploration & Production Company – USA (Murphy EXPRO) and Petrobras America Inc. With 80% ownership in MP GOM, Murphy EXPRO is the designated operator of the assets, which include the Cascade and Chinook fields.

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 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.