1) Includes firm backlog of USD 2.8 billion and options deemed likely to be exercised as at 30 June 2020
Safety first and "zero harm" focus in all operations
Fleet uptime
HSE record (LTM)
Covid-19 status
96%
98%
100%
99%
100% 100%
99%
97%
99%
Q2 18 Q3 18 Q4 18
Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20
5,0
• Proactively taking steps to keep people
and assets safe
LTI (1)
TRI (2)
HPI (3)
4,0
•
Risk management, planning and
procedures in place to manage
3,0
operational impact
2,0
•
Virus outbreaks on four of 11 deployed
FPSOs to date
1,0
• Crew-change and deep-clean
completed within 7 days on all
units
0,0
•
Limited impact on commercial
Q2 18Q3 18Q4 18Q1 19Q2 19Q3 19Q4 19Q1 20Q2 20
uptime
Lost time injuries per million man-hours.
Total recordable incidents per million man-hours.
High potential incidents per million man-hours.
3
BW Offshore's strategic development
2019
2020
2021 -
Record revenue and EBITDA
Completed group debt refinancing
Strengthened financial flexibility
Management change
BWE energy spin-off preparations
BWE listed as separate company in February
Re-introducingshareholder returns
Selective business development targeting long-terminfrastructure-like contracts
Positioning for FIDs in 2021
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
BW Offshore Limited published this content on 16 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2020 05:59:04 UTC
BW Offshore Limited is a Bermuda-based holding company, which engineers advanced floating production solutions. The Company has a fleet of approximately three floating, production, storage, and offloading vessels (FPSOs) with the potential to grow. The Company creates tailored offshore energy solutions for evolving markets world-wide. It is engaged in the energy transition by developing clean energy production solutions, applying its offshore engineering and operations capabilities to drive future value creation. Its subsidiaries include Berge Carmen Singapore Pte Ltd, Bergesen Worldwide Mexico, S.A. de C.V., Bergesen Worldwide Offshore Mexico S. de RL de CV, BW Abo Pte Ltd, BW Berge Helene Pte Ltd, BW Offshore (UK) Limited, Prosafe Production B.V., Tinworth Pte Ltd, Tinworth France SAS, BW Offshore SPV Bermuda I Limited, BW Offshore Shipholding Pte Ltd, BW Adolo Pte Ltd, BW Espoir Ivoirien Pte Ltd, BW Offshore do Brazil Ltda, Tinworth Gabon SA, and BW Offshore EPC FZCO.