BW Offshore CEO Resigns

Niels Erik Feilberg has decided to resign from his position as CFO in BW Offshore to seek other opportunities closer to his hometown. We would like to thank Niels Erik for his valuable contribution to BW Offshore, says Svein Moxnes Harfjeld, CEO of BW Offshore. BW Offshore has now started the process to find a new CFO. Mr. Feilberg will remain in his position for a period of up to 6 months.

BW Offshore is one of the world's leading FPSO contractors. The company's operational head office is in Norway, with assets operating in Mexico, Nigeria, Mauritania, Malaysia and Russia. BW Offshore has 25 years experience and a track record of 12 successfully delivered FPSO projects. Through its subsidiary APL, BW Offshore is a market leader in the development, production and sale of advanced loading and production systems; Submerged Turret Loading (STL), Submerged Turret Production (STP) and offshore LNG terminals. APL's technology has been selected as a solution for production vessels, storage vessels and oil and gas tankers in a wide range of field developments. BW Offshore has a global network with offices in Europe, Asia Pacific, West Africa and the Americas. Adapting through competence, in-house technology, solid project execution and operational excellence, BW Offshore ensures that customer needs are met through versatile solutions for offshore oil and gas projects. BW Offshore has 900 employees and is listed on the Oslo Stock Exchange with ticker code BWO.