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BW Energy: Invitation to Q3 2025 results presentation 28 October
Globenewswire· 2025-10-22 09:00
Core Viewpoint - BW Energy is set to release its Q3 2025 results on October 28, 2025, with a conference call scheduled for the same day, indicating the company's commitment to transparency and investor engagement [1][2]. Company Overview - BW Energy is a growth-oriented exploration and production (E&P) company focusing 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 Details - BW Energy holds a 73.5% interest in the producing Dussafu Marine license offshore Gabon, 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]. - The company also owns approximately 6.6% 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]. - Total net 2P+2C reserves and resources were reported at 599 million barrels of oil equivalent at the start of 2025 [2].
BW Energy: Q3 2025 operational update
Globenewswire· 2025-10-15 05:00
Q3 2025 operational update BW Energy will publish its financial results for the third quarter of 2025 on 28 October 2025. Today, the company provides preliminary operational figures.Net production attributable to BW Energy was 2.4 million barrels of oil (mmbbls) in the third quarter 2025, equivalent to 26.3 thousand barrels of oil per day (kbopd), from the Dussafu licence in Gabon (73.5% working interest) and the Golfinho field in Brazil (100% working interest). Production in the quarter was impacted by th ...
BW Energy: Invitation to Q2 2025 and half-year results presentation 01 August
GlobeNewswire News Room· 2025-07-25 05:30
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 [3] - 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 [3] Assets and Interests - BW Energy holds a 73.5% interest in the producing Dussafu Marine licence offshore Gabon, 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 [3] - The company also owns approximately 6.6% 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 [3] Reserves and Resources - Total net 2P+2C reserves and resources were reported to be 599 million barrels of oil equivalent at the start of 2025 [3] Upcoming Events - BW Energy will release its second quarter and half-year 2025 results on August 1, 2025, at 07:00 CEST, followed by a conference call at 14:00 CEST hosted by CEO Carl K. Arnet and CFO Brice Morlot [1]
BW Energy: Invitation to Q2 2025 and half-year results presentation 01 August
Globenewswire· 2025-07-25 05:30
Group 1 - BW Energy will release its second quarter and half-year 2025 results on August 1, 2025, at 07:00 CEST, followed by a conference call at 14:00 CEST hosted by CEO Carl K. Arnet and CFO Brice Morlot [1] - The conference call can be accessed via various international dial-in numbers, with a specific conference code provided for participants [2] - BW Energy is a growth exploration and production (E&P) company focusing on proven offshore oil and gas reservoirs through low-risk phased developments, with significant interests in various fields and licenses [3] Group 2 - The company holds a 73.5% interest in the producing Dussafu Marine license offshore Gabon, 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 [3] - BW Energy's total net 2P+2C reserves and resources were reported to be 599 million barrels of oil equivalent at the start of 2025 [3]
BP's GTA Project Hits New Milestone as Gimi FLNG Reaches COD
ZACKS· 2025-06-24 13:40
Core Insights - BP plc has commenced commercial operations for its Greater Tortue Ahmeyim (GTA) project with Golar LNG's floating liquefied natural gas (FLNG) unit [1][9] - The Gimi FLNG unit has achieved a production level of approximately 2.4 million tons per annum (mtpa), which is 90% of its nameplate capacity and aligns with long-term supply contracts [2][9] - The GTA project has successfully exported multiple LNG cargoes, with an estimated total of 3.5 gross cargoes expected by the end of June [3] Project Details - The GTA project is operated by BP with a 56% working interest, alongside partners Kosmos Energy (27%), Petrosen (10%), and SMH (7%) [1] - The project is located offshore Mauritania and Senegal, recognized as one of the deepest offshore developments in Africa, with water depths reaching up to 2,850 meters [4][9] Future Outlook - Golar LNG expresses commitment to collaborating with BP and other stakeholders to ensure reliable operations and value creation within the GTA project [4]
BW Energy: Successful handover of BW Adolo operations to BW Energy Gabon SA
Globenewswire· 2025-05-20 15:00
Core Viewpoint - The successful handover of operations and maintenance of the FPSO BW Adolo from BW Offshore to BW Energy Gabon marks a strategic transition aimed at optimizing field performance and enhancing operational efficiency in Gabon [1][3]. Group 1: Handover Details - Effective from May 20, 2025, BW Offshore has transferred the O&M of the FPSO BW Adolo to BW Energy Gabon, a subsidiary of BW Energy [1]. - Under an amended bareboat charter, BW Offshore retains ownership of the FPSO and will lease it to BW Energy Gabon without O&M services, with a mutual put-and-call option on the FPSO for USD 100 million, exercisable in 2028 [2]. Group 2: Strategic Implications - The transition is seen as a natural step for BW Energy Gabon, allowing the company to optimize field performance and capture additional synergies across the Dussafu hub [3]. - Both companies express gratitude to personnel for maintaining BW Adolo safely and efficiently over the past seven years, indicating a commitment to strong operational performance under BW Energy's leadership [4]. Group 3: Company Overview - BW Energy is a growth E&P company focusing on proven offshore oil and gas reservoirs through low-risk phased developments, with significant interests in various fields and licenses [5]. - The company holds a 73.5% interest in the producing Dussafu Marine license offshore Gabon, along with interests in fields in Brazil and Namibia, totaling net 2P+2C reserves and resources of 599 million barrels of oil equivalent at the start of 2025 [5].