BW Energy Limited (OB:BWE) entered into share swap agreement to acquire 56% stake in Kudu licence from BW Offshore Singapore Pte. Ltd. on October 1, 2019. Pursuant to which the shares in and receivables on certain subsidiaries through which BW Offshore Limited (“Company”) holds its E&P assets are transferred on an arms' length basis to BW Energy. BW Energy will serve as parent company for the E&P business and become the listed entity. In related share swap agreements, Bw Energy will take shareholding interests of BW Offshore Singapore Pte Ltd. in BW Energy Holdings Pte. Ltd. which holds the ownership interest in the Dussafu production sharing contract and BW Maromba Holdings Pte. Ltd. which, through its wholly owned subsidiary, has entered into definite agreements to acquire 100% of the participating interest in the Maromba licence. Following completion of the transactions, the Company's ownership interest in BW Energy will be 68.6%. BW Energy Limited (OB:BWE) completed the acquisition of 56% stake in Kudu licence from BW Offshore Singapore Pte. Ltd. on March 17, 2020.