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2016-01-22

BW Offshore: Contract extension for FPSO Umuroa

BW Offshore has received a one year contract extension for the lease and
operation of the FPSO Umuroa. The FPSO is operating on the Umuroa field
offshore New Zealand for AWE.

The firm period has been extended to Q4 2017 (from Q4 2016).

For further information, please contact:

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 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.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via Globenewswire

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