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Successfully completed bond issue

BW Offshore Limited has successfully completed a NOK 900 million senior unsecured bond issue with maturity in June 2020. Settlement date is expected to be 16 June 2015. The proceeds will be used for general corporate purposes.

An application will be made for the bonds to be listed on Oslo Børs.

Danske Bank Markets, DNB Markets, Nordea Markets and Swedbank Norway acted as joint lead managers for the bond issue.

For further information, please contact:

Knut R. Sæthre, CFO, +47 9111 7876

Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322

About BW Offshore:

BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore is the world's second largest contractor with a fleet of 14 FPSOs and 1 FSO represented in all major oil regions world-wide. The company also operates additional 2 FPSOs. BW Offshore has a long track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In more than 30 years of production, BW Offshore has executed 38 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.