(Bermuda, 1 July 2010): APL, a division of BW Offshore, has signed a contract with ENI Norge AS for the supply of a complete offloading system. The system will be installed on the Goliat FPSO, which will operate in the Arctic waters of the Norwegian Continental Shelf.
The offloading system is based on the Stern Discharge System (SDS) developed by APL. The first SDS was delivered in 1993 for operation in the North Sea, and APL has since then delivered a total of 31 systems world-wide. The systems have performed more than 13,000 offloadings with the highest focus on secure handling for the crew and the environment.
The delivery of the system is scheduled for 2012. The contract has a value of approximately USD 15 million.
For further information, please contact:
Carl K. Arnet, CEO BW Offshore, +65 9630 3290
Knut R. Sæthre, CFO BW Offshore, +47 9111 7876
About BW Offshore
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
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)