BW Offshore: First oil on BW Athena

BW Offshore: First oil on BW Athena

ID: 154877

(Thomson Reuters ONE) -


The FPSO BW Athena has received first oil on the Athena field offshore UK. The
final acceptance tests have successfully been completed, and the firm contract
period has commenced.

BW Offshore has a three year firm contract with Ithaca Energy and partners, with
options for additional five years.

The partners in the Athena field are: Ithaca Energy (22.5%, operator), Dyas UK
(47.5%), EWE Energie (20.0%) and Zeus Petroleum (10.0%).

For further information, please contact:

Knut R. Sæthre, CFO, +47 9111 7876 (Media)

Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322
(Investors/analysts)



About BW Offshore:

BW Offshore is a leading global provider of floating production services to the
oil and gas industry. BW Offshore is the world's second largest contractor with
a fleet of 14 FPSOs and 2 FSOs represented in all major oil regions world-wide.
BW Offshore has an excellent track record on project execution and operations,
as well as a robust balance sheet and strong financial capabilities. In 30 years
of production, BW Offshore has successfully executed more than 30 FPSO and FSO
projects. The company is listed on the Oslo Stock Exchange. Further information
is also available on www.bwoffshore.com



This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: BW Offshore via Thomson Reuters ONE




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Bereitgestellt von Benutzer: hugin
Datum: 11.06.2012 - 09:00 Uhr
Sprache: Deutsch
News-ID 154877
Anzahl Zeichen: 2109

contact information:
Town:

Oslo



Kategorie:

Business News



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