NOT FOR PUBLIC DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN BW Offshore BW Offshore to combine with Prosafe Production and sell APL to NOV 13 September 2010
A pure-play industry leader Worlds second largest FPSO player 15 FPSOs and three under conversion/construction Diversified client base Operations in all key markets Strong balance sheet strengthened by APL sale Selectively…
Creating an FPSO industry leader Ove rvie w of the FPSO playe rs 25 20 5 3* 15 4 10 17 15 3* 5 10 8 1 7 6 5 4 3 3 2 0 1 PROD Aker FP Fred.Olsen Petrojarl Maersk BWO + Sea Prod. SBM PROD Modec…
Presence, diversification and synergies Norway Russia Scotland Latvia France USA Bermuda China Mexico Mauritania India Philippines Nigeria Singapore Brazil PROD units PROD offices BW Offshore units BW Offshore…
The new BW Offshore equity The combination will enable further maximization of shareholder value by obtaining class leading return on invested capital Broadened shareholder base Prosafe Productions shareholders will hold…
Key terms of the combination BW Offshore and Prosafe Production intend to combine Adjusted consideration of 1.2 BW Offshore shares and NOK 3.00 Prosafe Production Board confirmation on Wednesday Prosafe SE undertaking to accept…
Key terms of the APL transaction Sale of APL to National Oilwell Varco for USD 500 million in cash A supply agreement between BW Offshore and APL Securing access at market terms Non-compete undertaking Conditions include:…
A pure-play industry leader Worlds second largest FPSO player Strong balance sheet strengthened by APL sale Selectively pursuing contracts with improved terms Strong long-term contracted cash flow enables a dividend policy 13…
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