BW Energy Unveils Strategic Vision at Energy Conference 2024
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BW Energy Presents at the Pareto Securities' Energy Conference
BW Energy recently took the stage at the Pareto Securities' Energy Conference, sharing its insights and future plans with an audience of industry professionals and stakeholders. This event provided a prime opportunity for BW Energy to showcase its operational achievements and strategic vision moving forward.
Dussafu Field Production Highlights
During the presentation, the company highlighted its current gross production at the Dussafu field, which is approximately 35,000 barrels per day. This impressive figure reflects the company's commitment to optimizing production and enhancing operational efficiency.
Strategic Growth through Phased Developments
BW Energy has established itself as a notable player in the growth E&P sector, focusing on a distinct strategy aimed at tapping into proven offshore oil and gas reservoirs. By employing a phased development approach, the company mitigates risks while ensuring timely access to production. This method involves utilizing existing production facilities, which significantly shortens the time to first oil and boosts cash flow with decreased investment demands compared to traditional offshore projects.
Asset Portfolio and Reserves Overview
BW Energy possesses a diverse portfolio of assets that underline its strategic capabilities. Its operations include a significant 73.5% stake in the producing Dussafu Marine license offshore Gabon. Furthermore, the company boasts a 100% interest in both the Golfinho and Camarupim fields, along with a 76.5% interest in the BM-ES-23 block. Additionally, it holds a commanding 95% interest in the Maromba field in Brazil and the Kudu field in Namibia. Moreover, BW Energy has a strategic non-operating stake of 20% in the onshore Petroleum Exploration License 73 in Namibia and owns about 6.6% of the common shares in Reconnaissance Energy Africa Ltd.
Reserves and Resource Potential
As of the start of 2024, BW Energy's total net 2P+2C reserves and resources are estimated at an impressive 580 million barrels of oil equivalent. This robust reserve base positions BW Energy favorably for continued growth and exploration in the years to come.
Contact Information
If you seek further insights or wish to connect with BW Energy, you can reach out to Brice Morlot, CFO of BW Energy, at the contact number +33.7.81.11.41.16 or via email at ir@bwenergy.no.
Frequently Asked Questions
What was discussed at the Pareto Securities' Energy Conference?
BW Energy shared insights on its production levels, strategic growth initiatives, and plans for future developments.
How much oil is being produced at the Dussafu field?
The current gross production at the Dussafu field is approximately 35,000 barrels per day.
What strategy does BW Energy employ for growth?
BW Energy focuses on low-risk phased developments targeting proven offshore oil and gas reservoirs.
What assets does BW Energy manage?
BW Energy manages a range of assets, including fields in Gabon, Brazil, and Namibia, amounting to a significant portfolio.
What are BW Energy's reserves as of 2024?
Total net 2P+2C reserves and resources are estimated at 580 million barrels of oil equivalent.
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