(Bermuda, 23 April 2010): Knut R. Sæthre, Chief Financial Officer in BW Offshore Limited, has today transferred 257,285 shares in BW Offshore Limited from KRS Invest Ltd to his private VPS account. The transaction was undertaken at NOK 10.24 per share. Mr. Sæthre's total investment in BW Offshore Limited remains unchanged after this transaction.
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 27 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.