BW Energy announces changes to the Executive Management team

Management Changes - BW Energy has appointed Brice Morlot as Chief Operating Officer and Thomas Young as Chief Financial Officer [1][2] - Brice Morlot joined BW Energy in 2024 as CFO and has a strong operational background in the E&P sector [1] - Thomas Young, previously the Chief Strategy Officer, has been with the company since its inception and has overseen the development of BW Energy's growth strategy [2] Strategic Focus - The appointments reflect BW Energy's strategy to promote from within and build on existing strengths [3] - CEO Carl K. Arnet expressed confidence in the new leadership to execute the plan to increase production to approximately 90,000 barrels per day by 2028 [3] Company Overview - BW Energy is a growth E&P company targeting proven offshore oil and gas reservoirs through low-risk phased developments [4] - The company has access to existing production facilities, which reduces time to first oil and cash flow with lower investments than traditional offshore developments [4] - BW Energy's assets include a 73.5% interest in the producing Dussafu Marine licence offshore Gabon and various interests in fields in Brazil and Namibia [4] - Total net 2P+2C reserves and resources were reported at 599 million barrels of oil equivalent at the start of 2025 [4]