Core Points - BW Offshore announced that the BW Opal FPSO achieved First Gas on September 20, marking a significant transition from project to operations phase [1] - The FPSO reached Ready for Start-Up (RFSU) for the Barossa LNG project on September 16, initiating 60% of the contractual dayrate under the charter [1][2] - The next milestone, Interim Performance Test (IPT), will increase the payable dayrate to 85%, while Practical Completion (PC) will trigger 100% of the dayrate and commence a 15-year firm contract period [2] Company Overview - BW Opal FPSO is designed to process 850 million standard cubic feet per day (MMSCFD) of gas and has a capacity of 11,000 barrels per day of stabilized condensate [3] - The FPSO will operate in the Santos operated Barossa gas field, located 285 kilometers offshore Darwin in the Northern Territory of Australia [3] - BW Offshore has a fleet of FPSOs and aims to grow by leveraging four decades of offshore operations and project execution [4]