BW Offshore awarded technology contract

(Bermuda, 3 November 2009): APL, a division of BW Offshore, has signed a contract for the supply of two Single Anchor Loading (SAL) systems with an undisclosed client.

 

The SAL system is developed by APL and consists of a single anchor on the seabed with flexible riser and mooring equipment for transfer of oil to shuttle tankers. Once the tanker is connected to the SAL system it can freely weather wane around the SAL anchor base while loading oil.

 

The delivery of the systems is scheduled in the first half of 2011.

 

For further information, please contact:

Carl K. Arnet, CEO BW Offshore, +65 9630 3290

Knut R. Sæthre, CFO BW Offshore, +47 9111 7876

 

 

 

BW Offshore is one of the world`s leading FPSO contractors and a market leader within advanced offshore loading and production systems to the oil and gas industry. BW Offshore has more than 25 years' experience and has successfully delivered 14 FPSO projects and 50 turrets and offshore terminals. BW Offshore's technology division APL has delivered solutions for production vessels, storage vessels and tankers in a wide range of field developments. Adapting through competence, in-house technology, solid project execution and operational excellence, BW Offshore ensures that customer needs are met through versatile solutions for offshore oil and gas projects. BW Offshore has a global network with offices in Europe, Asia Pacific, West Africa and the Americas. BW Offshore has 1,100 employees and is listed on the Oslo Stock Exchange. For more information, please visit www.bwoffshore.com and www.apl.no.