BW Offshore: Agreement for the sale of BW Opportunity

10 Mar 2023 09:30 CET

Agreement for the sale of BW Opportunity

BW Offshore has signed an agreement for the sale of the FPSO BW Opportunity to
an undisclosed third party for a total consideration of USD 125 million. The
sale is subject to conditions precedent and is expected to be completed by the
end of the first quarter of 2023.

In parallel, BW Offshore is exploring the commercial principles for the
provision of EPCC (Engineering, Procurement, Construction and Commissioning) and
O&M (Operations and Maintenance) services for a five-year transitional period
with the buyer.

For further information, please contact:
Ståle Andreassen, CFO, +47 91 71 86 55
Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore
BW Offshore engineers innovative floating production solutions. The Company has
a fleet of 10 FPSOs with potential and ambition to grow. By leveraging four
decades of offshore operations and project execution, the Company creates
tailored offshore energy solutions for evolving markets world-wide. BW Offshore
has around 2,000 employees and is publicly listed on the Oslo Stock Exchange.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and subject to the disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act. This stock exchange release
was published by Eric Stousland, Senior Associate Corporate Finance & IR, on
March 10, 2023 at 09:30 CET.

More information:
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