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    BWO   BMG1738J1247

BW OFFSHORE LIMITED

(BWO)
  Report
Real-time Oslo Bors  -  04:56 2022-10-05 am EDT
23.58 NOK   -3.52%
09/30BW Offshore Repurchases $12 Million Worth of Convertible Bonds
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09/14Bw Offshore : Company presentation
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09/11Bw Offshore : Short-term contract extension for Petróleo Nautipa
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BW Offshore: Closing of the acquisition of stake in Dussafu field from Panoro Energy

05/01/2017 | 10:53pm EDT

BW Energy Gabon Pte. Ltd ('BWEG'), a subsidiary of BW Offshore, has today completed the acquisition of 25% working interest in the Dussafu production sharing contract from Pan-Petroleum Gabon B.V. (PPGBV), a wholly-owned subsidiary of Panoro Energy ASA. Closing is in line with the terms and conditions previously communicated in the stock exchange release made on 22 February 2017.

BWEG is owned by BW Energy Holdings Pte. Ltd. (BWEH), a joint venture company between BW Offshore (66.67%) and Maple Company Limited (33.33%), a wholly owned
subsidiary of BW Group Limited, for the purpose of pursuing oil and gas interests.

Following the abovementioned closing, BWEG holds a 91.667% working interest in the Dussafu production sharing contract, while Panoro Energy ASA holds the remaining 8.33%.

BWEG is in discussions with the Gabon Oil Company (GOC) for their participation.

For further information, please contact:

Knut R. Sæthre, CFO, +47 9111 7876

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:

BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore has a fleet of 14 owned FPSOs and one FSO represented in all major oil & gas regions world-wide. BW Offshore has a long track record on project execution and operations. 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.

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

BW Offshore Limited published this content on 28 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 May 2017 02:53:06 UTC.


© Publicnow 2017
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Financials (USD)
Sales 2022 688 M - -
Net income 2022 97,9 M - -
Net Debt 2022 440 M - -
P/E ratio 2022 4,32x
Yield 2022 5,95%
Capitalization 422 M 422 M -
EV / Sales 2022 1,25x
EV / Sales 2023 2,48x
Nbr of Employees 2 000
Free-Float 46,9%
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Number of Analysts 4
Last Close Price 2,33 $
Average target price 4,35 $
Spread / Average Target 86,4%
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Managers and Directors
Marco Beenen Chief Executive Officer
Stale Andreassen Senior Vice President-Finance
Andreas Sohmen-Pao Chairman
Fritz Ekløff Head-Information Technology & Systems
Kei Ikeda Project Manager
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