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Annual Report 2010

Please find BW Offshore Limited's Annual Report 2010 attached. The report is also available on

The printed version of the Annual Report will be distributed to all VPS-registered shareholders later this month.


For further information, please contact:

Kristian Flaten, VP Finance & Investor Relations, +47 9509 2322



About BW Offshore

BW Offshore is a leading global provider of floating production services to the oil and gas industry. With the acquisition of Prosafe Production in 2010, the company has become the world's second largest contractor with a fleet of 15 FPSOs and 3 FSOs represented in all major oil regions world-wide. BW Offshore has an excellent track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In 30 years of production, BW Offshore has successfully executed more than 30 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange. Further information is also available on

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.