Statement regarding ship-recycling reports

Statement regarding ship-recycling reports

BW Offshore would like to make the following statement in relation to recent reports regarding an accident on the Priya Blue shipyard in India:

The Company can confirm that it, on April 21, was informed about a fatal accident at Priya Blue plot V1. The accident was unrelated to the ongoing recycling of former BW Offshore FPSOs at the yard. The Company’s representatives at the yard did not witness the event. They are in close contact with the yard about the ongoing investigation and have offered their assistance. Further questions about the accident should be directed to the management of Priya Blue plot V1. 

For further information, please contact:
Ståle Andreassen, CFO, +65 97 27 86 47
Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore
BW Offshore engineers innovative floating production solutions. The Company has a fleet of 12 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 2,000 employees and is publicly listed on the Oslo stock exchange.