BW Offshore: Sale of the FPSO BW Athena

19 Apr 2023 11:41 CEST

Sale of the FPSO BW Athena

BW Offshore has today closed the sale of the FPSO BW Athena to an undisclosed
third party. The transaction is part of BW Offshore's strategy to transition to
floating energy infrastructure investments.

The sale of the FPSO will have a limited positive effect on results to be
presented for Q2 2023. At the time of closing, the unit was unencumbered and
debt free.

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 (http://www.bwoffshore.com)

About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has
a fleet of 8 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 subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

More information:
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