BW Energy

Exciting News from BW Energy! BW Energy has signed a Letter Agreement with Reconnaissance Energy Africa Ltd. to acquire shares and a 20% interest in Namibia's PEL 73. This strategic move, with a low initial investment of USD 16 million, includes a USD 6.4 million carry from ReconAfrica and potential for significant upside. The exploration license targets an un-risked resource potential of 489 million barrels of oil. This deal not only expands BW Energy's footprint in a key energy region but also leverages valuable data to de-risk future projects. #BWEnergy #EnergyIndependence #StrategicGrowth #NamibiaExploration

🌟 BW Energy Completes $100M Bond Placement 🌟 We are pleased to announce successful placement of USD 100 million in new five-year senior unsecured bonds with a 10% annual coupon. The offering saw strong demand and was significantly oversubscribed. Settlement is expected by 21 June 2024. #Bonds #Finance #BWEnergy #InvestorRelations #OSE

🌟 Exciting Update from BW Energy! 🌟 The DHIBM-7P pilot well logging activity confirms a substantial oil discovery, boosting recoverable reserves by approximately 8 to 12 million barrels of oil. The development well completion is scheduled for later this year. #BWEnergy #EnergySector #OilDiscovery #Gabon #Sustainability Visit the link for more information: https://lnkd.in/dUrVWKs2

BW Energy announces its Q1 2024 results with notable achievements: • EBITDA: USD 109.7 million • Net Profit: USD 47.4 million • Net production: 2.5 million barrels • Liftings: ~1.9 million barrels at USD ~83 per barrel • OPEX: Increased operational efficiencies resulting in lower OPEX/BBL Key milestones include: • First Oil from Hibiscus South: Achieved in early March • Substantial Oil Discovery: Northern flank of the Hibiscus field (April) • Golfinho Prepayment: Extended and increased to USD 120 million • BW MaBoMo Facility: Executed USD 150 million sale & leaseback (April) BW Energy continues to optimize production and explore new reserves, reinforcing its position in Gabon and Brazil. #BWEnergy #OilAndGas #EnergySector #Gabon #Brazil #Namibia #Sustainability

🌟 Major Oil Discovery in Hibiscus Field! 🌟 As the operator of the Dussafu block in Gabon, BW Energy is excited to announce an incredible oil discovery in the Hibiscus field! This game-changing well (DHIBM-7P) unveiled an astonishing 24 metres of pay in a 37 metre hydrocarbon column, marking our first-ever Gamba-Dentale accumulation in the Hibiscus Field! #BWenergy #Gabon #OilAndGas #EnergySector #Innovation #Sustainability https://lnkd.in/d5drXCHe

🌟 Big News at BW Energy! 🌟 As the operator of the Dussafu block in Gabon, we're thrilled to report the Hibiscus South pilot well DHBSM-2P has confirmed significant hydrocarbon presence, indicating an additional 14 million barrels of oil in place. This discovery strengthens our position for future production and showcases our commitment to sustainable and profitable growth. #BWenergy #OilAndGas #EnergySector #Innovation #Sustainability

BW Energy executes USD 150 million sale & leaseback for MaBoMo production facility, freeing up cash for continued development and expansion in Gabon.

We have good news again! BW Energy is excited to announce that the DHBSM-1H well in the Hibiscus South field, Dussafu Licence, offshore Gabon, began producing oil safely, five months post-discovery in November 2023. Production has stabilized at 5,000-6,000 barrels per day, aligning with expectations. www.bwenergy.no

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