Update on the FPSO Cidade de Sāo Mateus contracts

Update on the FPSO Cidade de Sāo Mateus contracts

BW Offshore (BWO) informs that the Charter Agreement and the Services Agreement (Contracts) for the FPSO Cidade de Sāo Mateus, which was operating on the Camarupim field offshore Brazil from 2009 until 2015, reached their final terms on 29 March 2020.

The FPSO is currently in lay up in Singapore.

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 the Norwegian Securities Trading Act