BW Offshore’s rights issue in Oslo was 34% oversubscribed with 11.5bn subscriptions for new common shares. The rights issue closed last Friday and was for 8.56bn new common shares of $0.01 each at a subscription price of NOK0.10 per offer share.
BW Offshore has a fleet of 14 owned FPSOs and one FSO. The company also operates two additional FPSOs.