(Bermuda, 30 September 2008): The following officers of BW Offshore Limited have on 29 September 2008 purchased shares in BW Offshore Limited at a price of NOK 8.20 per share.
Carl K. Arnet, Chief Executive Officer (CEO), has purchased 20,000 shares. Following this transaction, Mr. Arnet holds 5,622,139 shares in BW Offshore Limited.
Knut R. Sæthre, Chief Financial Officer (CFO), has purchased 20,000 shares. Following this transaction, Mr. Sæthre holds 157,285 shares in BW Offshore Limited, private and through KRS Invest Ltd.
Tom Arne Kristiansen, Chief Technical Officer (CTO), has purchased 20,000 shares. Following this transaction, Mr. Kristiansen holds 48,006 shares in BW Offshore Limited.
Erik Svendsen, Chief Operating Officer (COO), has purchased 20,000 shares. Following this transaction, Mr. Svendsen holds 35,830 shares in BW Offshore Limited.
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 13 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 1,200 employees and is listed on the Oslo Stock Exchange. For more information, please visit www.bwoffshore.com and www.apl.no.