03.12.2018 kl 09:40 9281

BW Offshore is pleased to announce that the first cargo of oil was successfully
offloaded from the BW Adolo FPSO on 2 December. A total of 550,000 bbls of oil
were transferred from the FPSO to a tanker which will transport the crude oil to
a refinery.

The BW Adolo achieved first oil from the Tortue field offshore Gabon on 16
September after completing hook up of mooring systems and installation of risers
and umbilicals. The field development and start of production on the Dussafu
license has progressed within budget and on schedule without any harm to people
or the environment.

The BW Adolo FPSO is installed on the Tortue field, one of five proven
discoveries in the Dussafu license. The BW Adolo is a converted VLCC with an oil
storage capacity of up to 1,350,000 barrels and a production capacity of up to
40,000 barrels oil per day. The vessel has undergone an increased life extension
scope enabling an extended production profile on the back of positive reserve

For further information, please contact:

Knut R. Sæthre, CFO, +47 911 17 876

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:

BW Offshore is a leading provider of floating production services to the oil and
gas industry. The company also participates in developing proven offshore
hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas
regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30
years of production track record, having executed 40 FPSO and FSO projects. BW
Offshore is listed on the Oslo Stock Exchange.

This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act

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