BW Energy

BW Energy achieves record Q3 2024 results and beyond! 🚀 - Record net production: 2.4 mmbbls - Record operational cash-flow: USD 144.9M - EBITDA: USD 130M | Net Profit: USD 48M - Strong cash position: USD 209M - Currently producing 40,000 bbls/day gross at Dussafu - Sanctioned an appraisal well in Namibia - Signed agreements for new exploration blocks in Gabon #OilAndGas #Gabon #Brazil #Namibia #Growth

📢 BW Energy Expands Resource Base in Gabon! We are thrilled to announce the signing of production sharing contracts (PSCs) for the Niosi Marin and Guduma Marin exploration blocks, offshore Gabon. With a 37.5% working interest and the operator role, BW Energy is expanding with 4,918 km² of resource-rich area right next to our successful Dussafu license. This strategic addition enables us to build on our track record of fast, cost-effective infrastructure-led developments. Together with Vaalco Energy, Panoro Energy and the continuous support from Gabon we’re set to unlock the full potential of these blocks 🛢🛢 —bringing growth, value, and innovation to Gabon! #BWEnergy #Opportunity #Gabon #OilandGas

Proud of the BW Energy team on FPSO Cidade de Vitória for their safe and efficient work during the recent planned maintenance shutdown on the Golfinho field. Great job! #Safety #Teamwork #Brazil #BWEnergy #FPSO

BW Energy's CFO, Brice Morlot presented at the 31st Annual Pareto Energy Conference in Oslo, sharing our financial strategy and outlook. He was joined by Lin Espey (COO) and Ali Athar (SVP Finance & Accounting). Thank you, Pareto Securities for hosting an excellent conference and providing a great platform for industry leaders and partners! #BWEnergy #EnergyConference #Gabon #Brazil #Namibia #Norway

BW Energy presented at the Pareto Securities' Energy Conference today. The presentation references current gross production at the Dussafu field of approximately 35,000 barrels per day.  Check out the presentation here:

Today BW energy presents its Q2 results with these notable highlights. - Q2 2024 EBITDA of USD 75.9 million and net profit of USD 14.5 million - H1 2024 EBITDA of USD 185.6 million and net profit of USD 61.9 million - H1 2024 gross production of 5.7 million barrels with 4.6 million barrels net to the Company - Operating cash flow of USD 85.1 million and cash position of USD 244.2 million at 30 June - First oil from Hibiscus South in early March, five months after initial discovery - Second Hibiscus South well confirms northern extension with good reservoir quality - 23 million additional barrels of reserves after successful drilling on Hibiscus Hibiscus South - Signed USD 150 million gross sale and leaseback for MaBoMo production facility - Successfully issued USD 100 million of five-year senior unsecured bonds  - Golfinho prepayment facility extended and increased Check out our presentation 14:00 CEST today with CEO Carl K Arnet, CFO Brice Morlot and COO Lin Espey. Link to webcast: https://lnkd.in/d3tqVGGs

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