Energy SpA - Earnings Release 2020

BW Energy: Invitation to Q1 2020 Trading update 20 May

BW Energy will release its Q1 2020 results on Wednesday 20 May at 07:30 CEST.

A conference call followed by Q&A will be hosted by CEO Carl K. Arnet, CFO Knut

R. Sæthre and COO Lin G. Espey the same day at 14:00 CEST.

Conference call information:

To dial in to the conference call where the first quarter results and Q&A will

be hosted, please dial in to one of the following numbers:

Norway: +47 23 96 39 38

France: +33 170 750 737

Singapore: +65 64 08 57 68

United Kingdom: +44 333 3009 034

United States: +1 833 526 8382

You can also follow the presentation via webcast with supporting slides,

available on: https://bwe.eventcdn.net/2020q1/

Please note, that if you follow the webcast via the above URL, you will

experience a 30 second delay compared to the main conference call.

For further information, please contact:

Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting

proven offshore oil and gas reservoirs through low risk phased developments. The

Company has access to existing FPSOs to reduce time to first oil and cashflow

with lower investments than traditional offshore developments. The main assets

are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%

interest in the Maromba field in Brazil, both operated by the Company. Total net

2P+2C reserves are 247 million barrels at the start of 2020 and gross average

production from Dussafu was 11.8 kbopd in 2019.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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