Brief: BW Offshore Announces Catcher Contract Extension

Bw Offshore

08/05/2026 07:57

May 8 (Reuters) - BW Offshore Ltd BWO.OL:

SAID ON THURSDAY IT ENTERED INTO AGREEMENT WITH CATCHER FIELD PARTNERS TO AMEND CONTRACT PERIOD FOR FPSO BW CATCHER

AMENDMENTS CONVERT CURRENT CONTRACT INTO AGREEMENT WITH DEFINED END OF TERM FRAMEWORK TO 31 DECEMBER 2030 (+/- 6 MONTHS), REMOVE PREVIOUS UNILATERAL OPTIONS FOR ONE-YEAR EXTENSIONS

AMENDMENTS EFFECTIVE AS OF 1 FEBRUARY 2026, EXPECTED TO INCREASE CO'S FIRM OPERATING CASH FLOW BACKLOG BY ABOUT $ 490 MILLION AS OF THAT DATE

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