BW Offshore has advised that a final investment decision (FID) has been taken on the Ruche Phase 1 project, offshore Gabon. The development, formerly known as Dussafu Phase 3, will comprise a wellhead platform with 12 well slots located between the Hibiscus and Ruche field and tied back to the producing FPSO BW Adolo, located 19 km away. BW Offshore has not registered and does not intend to register its securities in the United States or to conduct a public offering of its securities in the United States. Under the revised plan, estimated gross production from Ruche phase 1 is forecasted to double from 15,000 bbls/day to 30,000 bbls/day. BW Energy announces revised plan of development for Ruche phase 1 . BW Energy has made an oil discovery in the Ruche North East Marin-1 (DRNEM-1) well drilled in the Dussafu Marin PSC, offshore Gabon. The Dussafu license is operated by BW Energy Gabon (BWEG), which holds a 91.667 percent interest, while Panoro holds an 8.333 percent interest as a partner. FPSO BW Adolo; Source: BW Offshore These volumes will come in addition to the production from the Tortue … The Dussafu license is operated by BW Energy Gabon (BWEG), which holds a 91.667 percent interest, while Panoro holds an 8.333 percent interest as a partner. BW Offshore has advised that a final investment decision (FID) has been taken on the Ruche Phase 1 project, offshore Gabon. Under the revised plan, estimated gross production from Ruche phase 1 is forecasted to double from 15,000 bbls/day to 30,000 bbls/day. These volumes will come in addition to the production from the Tortue field. Gabon’s Ruche offshore area accommodates the Ruche A (Ruche), Ruche B (Tortue), Ruche C (Moubenga) and Ruche D (Walt Whitman) discoveries in water depths of up to 305m in the Southern Gabon Basin. BW Energy is a subsidiary of BW Offshore. BW Energy announces revised plan of development for Ruche phase 1 . BW Offshore Limited (BWO) is pleased to announce a revised Ruche development plan including the Hibiscus discovery which will accelerate production growth from the Dussafu license offshore Gabon.Under the revised plan, estimated gross production from Ruche phase 1 is forecasted to double from 15,000 bbls/day to 30,000 bbls/day. OSLO, Norway – BW Energy has revised the Ruche development plan to include the recent Hibiscus discovery in the Dussafu license offshore Gabon.. This decision is also subject to partner and government approval. BW Energy Gabon 91.66% Subsidiary of BW Offshore Panoro Working Interest 8.33% Other Partners Back-in right for 10% held by Affiliate of Tullow Oil; past costs payable if elected Gabon Oil Company 10.00% (to be finalised) PROJECT OWNERSHIP POST BWE TRANSACTIONS Four pre-salt oil discoveries with upside/appraisal potential BW Energy is a subsidiary of BW Offshore. BW Offshore Limited (BWO) is pleased to announce a revised Ruche development plan including the Hibiscus discovery which will accelerate production growth from the Dussafu license offshore Gabon. The revised plan will result in higher production as well as project cost estimate. BW Offshore, through its subsidiary BW Energy Gabon, has sold a ten percent interest of the Dussafu license to the Gabon Oil Company (GOC). The development covers an area of 850.5km² within the Dussafu block, which is spread over more than 680,000 acres.


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