BW Offshore

BW Offshore (OSL:BWO) HIGHLIGHTS * EBITDA of USD 19.0 million before transaction relating to associates * Impairment charge of goodwill of USD 167.2 million * Impairment charge of the investment in Nexus Floating Production Limited of USD 68.8 million * Conversions in line with expectations

BW Offshore (OSL:BWO) (Bermuda, 25 September 2008): APL (Advanced Production & Loading) has signed a contract with Samsung for the delivery of ship sets for up to five LNG FPSOs.

BW Offshore (OSL:BWO) Q2 2008

BW Offshore (OSL:BWO) (Bermuda, 18 August 2008) Carl Arnet appointed CEO, Svein Moxnes Harfjeld to take on new role in BW Group.

BW Offshore (Bermuda, 31 July 2008) BW Offshore has been awarded a Letter of Intent (LoI) with Maersk Contractors for the installation of the Peregrino FPSO Mooring System and STP Buoy offshore Brazil. BW Offshore will now deliver the production buoy, the mooring systems and the complete installation of the FPSO Mooring System and STP Buoy.

BW Offshore (Bermuda, 18 July 2008) BW Offshore has received a Letter of Award (LoA) from Total Exploration & Production Angola for the engineering, procurement and fabrication of a Buoy Turret Loading (BTL(TM)) system for the PAZFLOR project Deep-Offshore Angola.

BW Offshore (Bermuda, 7 July 2008) BW Offshore has been awarded a Letter of Intent for the design, conversion, installation and operation of the FPSO for the Australian oil and gas fields on Basker-Manta-Gummy with Anzon.

BW Offshore (Bermuda, 19 June 2008) BW Offshore has signed a contract with SUEZ Energy North America for the installation of the dual Submerged Turret Loading (STL) Buoy system for the Neptune LNG Deepwater Port terminal off the coast of Gloucester, Massachusetts.