BW Offshore Limited (BWO) 🛢

TekBot · september 27, 2018, 5:31am

BW Offshore: Successful completion of appraisal well on Ruche North East

BW Offshore is pleased to announce the successful drilling and completion of the Ruche North East (DRNEM-1) appraisal well which encountered oil on the Ruche North East structure in the Dussafu License. Drilling operations also included an appraisal side-track to delineate the discovery. The well was completed safely and on budget. This will conclude all drilling operations in the Dussafu License for 2018 and the rig has been released.

The DRNEM-1 well encountered 40 meters of pay in the Gamba and Dentale formations in the original wellbore. An appraisal side-track was drilled approximately 800 meters north west of the original wellbore and encountered 34 meters of pay in the Gamba and Dentale formation. The technical and commercial teams will now perform an evaluation of the potential development of these resources.

“The positive results of the Ruche North East well further confirms the upside potential for the Dussafu License”, said Carl K. Arnet, CEO of BW Offshore. “By combining our deep knowledge of the area, our resources and a well-suited FPSO, we are about to transform the Dussafu license into a significant producing asset with considerable upside.”

The DRNEM-1 well was designed to appraise one of several prospects that have been mapped in the greater Ruche area of the Dussafu License. The objective was to identify additional resources, which will be aggregated with the existing Ruche discovery and form the basis for future development.

BW Offshore has previously announced the commencement of production from Tortue Phase 1 into the BW Adolo FPSO. The company is evaluating the Tortue Phase 2 development project with final investment decision scheduled for 4Q 2018. The internal estimate of 2P gross reserves for the Tortue field Phase 1 (2 wells) and Phase 2 (4 wells) are between 30 to 40 mmbls, excluding contingent reserves.

For further information, please contact:

Knut R. Sæthre, CFO, +47 911 17 876

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:

BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore 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.

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180927.GlobeNewswire.HUG2217981

sulzrox · september 30, 2018, 10:35am

Investtech har gratis TA av BWO.
https://www.investtech.com/main/market.php?CompanyID=100436&freeAccess=1&product=241

pdx · oktober 1, 2018, 10:01am

Hver måned kårer jeg det jeg kaller Teksperter™ for noen av de mest populære investeringene våre

Det er de 3 medlemmene som har fått flest likes på innleggene sine de siste 90 dagene. Teksperter™ får også en unikt merke på profilen sin og et trofé-ikon ved siden av navnet sitt. Du kan bli Tekspert™ i flere aksjer/investeringer, og troféet vil bare vises i tråder der du er Tekspert™.

Her er denne månedens Teksperter™ og det mest likte innlegget deres fra de siste 90 dagene:

@NoBrain (3 likes)

Gratulerer!

NoBrain · november 16, 2019, 1:30am

Nyhetsartikler oktober 2018

https://www.hegnar.no/Nyheter/Boers-finans/2018/10/Oppgrader-BWO-til-kjoep-aksjen-fyker-opp

TekBot · oktober 15, 2018, 5:32am

BW Offshore: Resignation of Board Member

Mr. Carsten Mortensen has informed the Company that he wishes to resign as Director of the Board with effect from 15 October 2018. The Board of Directors of BW Offshore has accepted his resignation. The Company would like to extend its appreciation to Mr. Mortensen for his years of service as Director.

For further information, please contact:

Knut R. Sæthre, CFO, +47 911 17 876

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:

BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore 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.

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181015.GlobeNewswire.HUG2220486

TekBot · november 13, 2018, 2:18pm

BW Offshore: Invitation to Q3 2018 Presentation 20 November

BW Offshore will release its Q3 2018 results on Tuesday 20 November at 07:30 (CET). The company will host a presentation of the financial results 09:00 (CET) the same day at Hotel Continental in Oslo, Norway. The presentation will be given by CEO Carl K. Arnet and CFO Knut R. Sæthre.

The presentation will be broadcasted via webcast and will also be available for replay. Please visit www.bwoffshore.com for details.

For further information, please contact:
IR@bwoffshore.com

About BW Offshore:
BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore is listed on the Oslo Stock Exchange.

Further information is available on www.bwoffshore.com

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

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181113.GlobeNewswire.HUG2225473

TekBot · november 20, 2018, 6:31am

20/11-2018 07:30:05: (BWO) BW Offshore: Q3 2018 - Condensed interim consolidated financial information

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* EBITDA of USD 126.4 million in the third quarter
* First oil at Dussafu achieved on 16 September
* Ruche commercial after Ruche North East discovery
* Investment decision made by BWO for Tortue Phase 2

EBITDA for the third quarter of 2018 was USD 126.4 million compared to USD 105.4 million in the second quarter. Improved performance at BW Catcher, which was affected by prolonged start-up activities in the second quarter, and first oil from the Dussafu license on 16 September, were the reasons for the increased EBITDA.

BW Offshore currently operates 12 units. The owned fleet includes 15 FPSOs and one FSO. Average commercial uptime during the third quarter was 98.4% (95.6%). BW Catcher experienced some commercial downtime in the quarter, but the performance improved notably compared to second quarter. Commercial uptime for the rest of the fleet was 99.8%.

In early July, BW Catcher completed a 168-hour performance test. The final acceptance certificate has been issued with effect from 1 November 2018.

First oil from Phase 1 of the Tortue development, in the Dussafu license, was achieved 16 September 2018 by the FPSO BW Adolo within budget and ahead of schedule with no Lost Time Incidents (LTIs). The field is currently producing from the two horizontal wells, DTM-2H and DTM-3H. Production has gradually increased while pressure has been closely monitored. Production performance has been in line with expectations and is currently stabilised at approximately 12,500 bopd without any water cut. Net production to the BW Energy partnership for the third quarter was 111.5 thousand barrels of oil. The first offloading from the FPSO is scheduled for late November.

The Company has made the investment decision for Tortue Phase 2 following the successful appraisal program on the western flank of the Tortue field. Phase 2 includes drilling of four additional horizontal development wells. Orders for long lead equipment have been placed including subsea trees, wellheads, drilling casing and completion equipment. Additionally, a letter of intent has been signed for the drilling rig to ensure timely development. The Company’s internal estimate of 2P gross reserves for the Tortue field Phase 1 (2 wells) and Phase 2 (4 wells) is currently between 30 to 40 million barrels of oil equivalents, excluding contingent reserves.

“We have demonstrated the attractiveness of our model of combining proven resources, a resourceful organisation and access to production assets by bringing the Tortue field to first oil within budget and on schedule in less than 18 months. We look forward to commencing Phase 2 of development. We have also stabilised production at the Catcher field and received final acceptance from the operator,” said Carl K. Arnet, the CEO of BW Offshore.

Please see attachments for the full quarterly report and presentation.

BW Offshore will host a presentation of the financial results 09:00 (CET) today at Hotel Continental in Oslo, Norway. The presentation will be given by CEO Carl K. Arnet and CFO Knut R. Sæthre.

The presentation will be broadcasted via webcast and will also be available for replay. Please visit www.bwoffshore.com for details.

For further information, please contact:

Knut R. Sæthre, CFO, +47 9111 7876

About BW Offshore:

BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore 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.

Q3 2018 Report
Q3 2018 Presentation

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20181120.GlobeNewswire.HUG2226282

NoBrain · november 16, 2019, 1:31am

Nyhetsartikler november 2018

TekBot · november 23, 2018, 6:31am

23/11-2018 07:30:14: (BWO) BW Offshore: Mandatory notification of trade

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A close associate of Carl K. Arnet, CEO of BW Offshore, has purchased 10 000 shares in BW Offshore Limited at NOK 40,55 per share. Following this transaction, Carl K. Arnet and his close associates hold 2 360 000 shares in BW Offshore Limited.

For further information, please contact:

Knut R. Sæthre, CFO, +47 911 17 876

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:
BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore 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.

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20181123.GlobeNewswire.HUG2226716

studenten86 · november 23, 2018, 7:27am

Her hagler det med gladmeldinger og kursen stuper.

Janno · november 23, 2018, 3:45pm

Sett på oljeprisen ?

studenten86 · november 23, 2018, 3:50pm

Jepp, holder et blikk til den, flere olje-selskaper som stuper. Virker som om selskapene prises mot at oljeprisen skal under 40. Høsten i fjor var oljeprisen for 2018 ventet å ligge i området 55-58 av forskjellige meglerhus. Det var vurdert som et positivt scenario for den del.

TekBot · desember 3, 2018, 8:38am

03/12-2018 09:36:56: (BWO) BW Offshore: First oil cargo offloaded from BW Adolo FPSO

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BW Offshore is pleased to announce that the first cargo of oil was successfully offloaded from the BW Adolo FPSO on 2 December. A total of 550,000 bbls of oil were transferred from the FPSO to a tanker which will transport the crude oil to a refinery.

The BW Adolo achieved first oil from the Tortue field offshore Gabon on 16 September after completing hook up of mooring systems and installation of risers and umbilicals. The field development and start of production on the Dussafu license has progressed within budget and on schedule without any harm to people or the environment.

The BW Adolo FPSO is installed on the Tortue field, one of five proven discoveries in the Dussafu license. The BW Adolo is a converted VLCC with an oil storage capacity of up to 1,350,000 barrels and a production capacity of up to 40,000 barrels oil per day. The vessel has undergone an increased life extension scope enabling an extended production profile on the back of positive reserve developments.

For further information, please contact:

Knut R. Sæthre, CFO, +47 911 17 876

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:

BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore 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.

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20181203.GlobeNewswire.HUG2227564

TekBot · desember 10, 2018, 6:31am

10/12-2018 07:30:20: (BWO) BW Offshore: Recycling the FSO Belokamenka in compliance with Hong Kong Convention

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BW Offshore has signed an agreement to dispose of the FSO Belokamenka for recycling in compliance with the Hong Kong Convention.

The FSO Belokamenka (IMO 7708314) is an Ultra Large Crude Carrier (ULCC) of 360,700 deadweight-ton capacity built in Japan in 1980. The vessel is 340.5 meters long, 65 meters wide and has a depth of 31.5 meters. It is flagged and registered in Panama and classed by DNVGL, and has been in lay-up off Indonesia since completing a contract as a crude oil terminal off Murmansk, Russia, in late 2015.

The vessel is sold for a cash consideration of approximately USD 20 million.

To date the recycling yard has not been chosen. The buyer of the vessel will ensure that the chosen yard is certified to ISO 14001 and OSHMS 18001 standards, the Hong Kong Convention and the IMO 2012 guidelines. The buyer will further ensure that the recycling yard provides a statement of completion of the recycling in accordance with the Hong Kong Convention.

A recycling plan will be prepared and provided by the yard to ensure strict compliance with the above regulations. The company will nominate a representative to be on site at the recycling yard to monitor progress, compliance and that the recycling plan is being applied.

For further information, please contact:

Knut R. Sæthre, CFO, +47 911 17 876

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:
BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore 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.

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20181210.GlobeNewswire.HUG2228352

TekBot · desember 12, 2018, 3:34pm

12/12-2018 16:33:23: (BWO) Financial calendar

TekBot · desember 13, 2018, 1:17pm

13/12-2018 14:16:17: (BWO) Ny rente

TekBot · desember 18, 2018, 9:13am

18/12-2018 10:11:44: (BWO) BW Offshore: Extension agreement for Abo FPSO

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BW Offshore has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until 30 June 2019.

For further information, please contact:

Knut R. Sæthre, CFO, +47 911 17 876

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:
BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore 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.

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20181218.GlobeNewswire.HUG2229360

NoBrain · november 16, 2019, 1:32am

Nyhetsartikler desember 2018

https://www.hegnar.no/Nyheter/Boers-finans/2018/12/Analytiker-frykter-kursfall-anbefaler-salg8

TekBot · desember 19, 2018, 1:31pm

19/12-2018 14:29:37: (BWO) Ny rente

TekBot · januar 4, 2019, 3:46pm

04/01-2019 16:46:26: (BWO) BW Offshore: Contract extension for FPSO Polvo

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BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of FPSO Polvo. The firm period has been extended to Q3 2020 (from Q3 2019), with options until Q3 2022.

For further information, please contact:

Knut R. Sæthre, CFO, +47 911 17 876

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:
BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore 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.

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20190104.GlobeNewswire.HUG2230480