BW Energy: Q3 2025 operational update

Core Insights - BW Energy reported net production of 2.4 million barrels of oil (mmbbls) in Q3 2025, averaging 26.3 thousand barrels of oil per day (kbopd), affected by three weeks of planned maintenance at the Dussafu license [2][3] Production Overview - Total production in Q3 2025 was 2.4 mmbbls, consistent with Q3 2024 and down from 2.9 mmbbls in Q2 2025 [3] - Dussafu production was 1.8 mmbbls, down from 2.4 mmbbls in Q2 2025 and up from 1.9 mmbbls in Q3 2024 [3] - Golfinho field produced 0.6 mmbbls, slightly up from 0.5 mmbbls in both Q2 2025 and Q3 2024 [3] Sales and Inventory - Net volume sold was 2.9 mmbbls, a slight increase from 2.8 mmbbls in Q2 2025 and 2.5 mmbbls in Q3 2024 [3] - End of quarter stock inventory was 0.3 mmbbls, down from 0.5 mmbbls in Q2 2025 and 0.7 mmbbls in Q3 2024 [3] Pricing and Costs - Average realized price was USD 68.5 per barrel, up from USD 66.7 in Q2 2025 but down from USD 82.0 in Q3 2024 [3] - Operational costs were USD 22.7 per barrel, increasing from USD 20.4 in Q2 2025 and USD 17.7 in Q3 2024 [3] Company Profile - BW Energy holds a 73.5% interest in the Dussafu Marine license in Gabon and a 100% interest in the Golfinho field in Brazil, among other assets [6] - The company reported total net 2P+2C reserves and resources of 599 million barrels of oil equivalent at the start of 2025 [6]