BW Offshore signs LoI for Papa Terra FPSO

(Thomson Reuters ONE) - (Bermuda, 8 October 2009): The Papa Terra Joint Venture, consistingof Petrobras (operator) and Chevron, has concluded the contractingand negotiation process with the consortium of BW Offshore and theBrazilian industrial group QUIP for the FPSO P-63 for the Papa Terrafield. Letter of Intent was signed yesterday, while sanction of theproject will occur at a later date.BW Offshore intends to use the ULCC BW Nisa for this project.For further information, please contact:Carl K. Arnet, CEO BW Offshore, +65 9630 3290Knut R. Sæthre, CFO BW Offshore, +47 9111 7876BW Offshore is one of the world`s leading FPSO contractors and amarket leader within advanced offshore loading and production systemsto the oil and gas industry. BW Offshore has more than 25 years'experience and has successfully delivered 14 FPSO projects and 50turrets and offshore terminals. BW Offshore's technology division APLhas delivered solutions for production vessels, storage vessels andtankers in a wide range of field developments. Adapting throughcompetence, in-house technology, solid project execution andoperational excellence, BW Offshore ensures that customer needs aremet through versatile solutions for offshore oil and gas projects. BWOffshore has a global network with offices in Europe, Asia Pacific,West Africa and the Americas. BW Offshore has 1,200 employees and islisted on the Oslo Stock Exchange. For more information, please visitwww.bwoffshore.com and www.apl.no.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Bereitgestellt von Benutzer: hugin
Datum: 08.10.2009 - 09:09 Uhr
Sprache: Deutsch
News-ID 6711
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