Divestment of Advanced Production & Loading (NO) by BW Offshore Limited (NO) to National Oilwell Varco Norway (NO) — USD 500 million

Carnegie acted as financial adviser to BW Offshore in the divestment of APL to National Oilwell Varco Norway. BW Offshore is one of the world’s leading FPSO contractors and a market leader within advanced offshore loading and production systems to the oil and gas industry.September, 2010.