BW Energy contracts Deepsea Mira for drilling Kudu appraisal well

Core Viewpoint - BW Energy has contracted the Deepsea Mira semi-submersible rig for drilling the Kharas appraisal well on the Kudu licence offshore Namibia, scheduled for the second half of 2025 [1] Group 1: Contract and Operations - The contract is part of a rig-sharing arrangement with Northern Ocean Ltd. and Rhino Resources Ltd., providing access to an experienced services team and local content [2] - BW Energy operates the Kudu production licence (PPL003) with a 95% working interest, while NAMCOR E&P holds the remaining 5% carried interest [3] Group 2: Company Overview - BW Energy is a growth E&P company focusing on proven offshore oil and gas reservoirs through low-risk phased developments, aiming to reduce time to first oil and cash flow with lower investments [4] - The company holds significant interests in various fields, including 73.5% in the Dussafu Marine licence offshore Gabon, 100% in the Golfinho and Camarupim fields, 76.5% in the BM-ES-23 block, and 95% in the Maromba field in Brazil, along with the Kudu field in Namibia [4] - Total net 2P+2C reserves and resources were reported at 599 million barrels of oil equivalent at the start of 2025 [4]