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Third quarter results 2021 HIGHLIGHTS . EBITDA of USD 97.1 million and operating cashflow of USD 157.2 million • Completed Barossa FPSO debt financing and equity joint venture partnership Barossa FPSO project progressing as planned USD 67 million in gross proceeds from block sale of shares in BW Energy in October Quarterly cash dividend of USD 0.035 per share Equity ratio of 39.0 % and USD 305.7 million in available liquidity One - year contract extension for FPSO Sendje Berge signed in November In the third quarter , BW Offshore continued to progress the Barossa FPSO project according to plan , including completing the debt financing and the equity joint venture partnership for the project . First steel cut for the FPSO hull was achieved in September ahead of original schedule . Due to price inflation for materials , the project is experiencing some cost increases which are covered by the project contingency . The Company is focused on locking in suppliers and equipment packages to manage costs and maintain schedule amid increasing stress on global supply chains . The Board of Directors has declared a cash dividend of USD 0.035 per share . Shares will trade ex - dividend from and including 26 November 2021. Shareholders recorded in VPS following the close of trading on Oslo Børs on 29 November 2021 will be entitled to the distribution payable on or around 7 December 2021 . " The Barossa project is on track and debt and equity financing have been completed . We have full focus on safe and efficient execution of the FPSO construction and we are also delivering stable performance from our core operating assets , " said Marco Beenen , the CEO of BW Offshore . " The recent increases in energy prices emphasises the need for continued development of new oil and gas fields in tandem with a rapid scale - up of renewable energy production such as floating wind . We are well positioned to capture long - term growth and value creation opportunities across these markets with our widening offering of offshore energy production solutions . " FINANCIALS EBITDA for the quarter was USD 97.1 million ( USD 91.1 million in Q2 2021 ) . The increase is