BW Offshore: Contract extension for FPSO Polvo

(Thomson Reuters ONE) -


BW Offshore has received a two year contract extension for the lease and
operation of the FPSO Polvo. The FPSO is operating on the Polvo field offshore
Brazil for Petrorio. The firm period has been extended to Q3 2018 (from Q3
2016), with options until Q3 2022.

For further information, please contact:

Knut R. Sæthre, CFO, +47 9111 7876

Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322



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 1 FSO represented in all major oil regions world-wide.
The company also operates additional 2 FPSOs. BW Offshore has a long track
record on project execution and operations, as well as a robust balance sheet
and strong financial capabilities. In more than 30 years of production, BW
Offshore has executed 38 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 pursuant to section
5-12 of the Norwegian Securities Trading Act.




This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1971366]

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Bereitgestellt von Benutzer: hugin
Datum: 04.12.2015 - 07:30 Uhr
Sprache: Deutsch
News-ID 437567
Anzahl Zeichen: 1900

contact information:
Town:

Oslo

Kategorie:

Business News

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