BW Energy: Company Presentation Pareto Securities' Energy Conference 2025

Company Overview - BW Energy is a growth exploration and production (E&P) company with a strategy focused on proven offshore oil and gas reservoirs through low-risk phased developments [2] - The company has access to existing production facilities, which allows for reduced time to first oil and cash flow with lower investments compared to traditional offshore developments [2] Asset Portfolio - BW Energy holds a 73.5% interest in the producing Dussafu Marine licence offshore Gabon [2] - The company has a 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, and a 95% interest in the Kudu field in Namibia, all operated by BW Energy [2] - Additionally, BW Energy owns approximately 7% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (PEL 73) in Namibia [2] Reserves and Resources - Total net 2P+2C reserves and resources for BW Energy were reported to be 599 million barrels of oil equivalent at the start of 2025 [2]