BW Energy at Pareto Securities' Energy Conference
BW Energy presented at Pareto Securities' Energy Conference, sharing clear updates on operations, growth plans, and near-term priorities with industry professionals and stakeholders. The appearance offered a straightforward look at recent milestones and the path ahead—what’s working, what’s next, and how the company plans to deliver it.
Dussafu Field: Production Snapshot
In the presentation, BW Energy reported current gross production from the Dussafu field of about 35,000 barrels of oil per day. The rate reflects ongoing work to optimize wells and facilities, and it supports the company’s broader program by strengthening cash generation.
Phased Developments: A Practical Growth Model
BW Energy’s growth approach centers on proven offshore oil and gas reservoirs and phased developments. By reusing and integrating existing production facilities, the company shortens time to first oil, lowers upfront investment compared with traditional offshore projects, and supports early cash flow. The result is a measured ramp-up that manages risk while keeping projects on a predictable timeline.
Asset Portfolio and Reserves Overview
The company’s portfolio underpins this strategy. BW Energy holds a 73.5% stake in the producing Dussafu Marine license offshore Gabon. It also has a 100% interest in the Golfinho and Camarupim fields and a 76.5% interest in the BM-ES-23 block. In addition, the company has a 95% interest in the Maromba field in Brazil and the Kudu field in Namibia. BW Energy also has a 20% non-operating stake 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 580 million barrels of oil equivalent. This base supports continued development activity and future exploration across the portfolio.
Contact Information
For further information or to get in touch, contact Brice Morlot, CFO of BW Energy, at +33.7.81.11.41.16 or email ir@bwenergy.no.
Frequently Asked Questions
What did BW Energy cover at the conference?
The company outlined current production, its phased development strategy, key assets, and how these elements shape near-term plans and longer-term growth.
What is the current production at the Dussafu field?
Gross production at Dussafu is approximately 35,000 barrels of oil per day.
How does the phased development strategy work?
BW Energy targets proven offshore reservoirs and brings them on stream in phases, reusing existing production facilities where possible. This shortens time to first oil, lowers upfront investment, and supports earlier cash flow compared with conventional offshore projects.
Which assets are in BW Energy’s portfolio?
The portfolio includes a 73.5% stake in the producing Dussafu Marine license (offshore Gabon); 100% of the Golfinho and Camarupim fields; 76.5% of the BM-ES-23 block; 95% interests in the Maromba field in Brazil and the Kudu field in Namibia; a 20% non-operating stake in onshore Petroleum Exploration License 73 in Namibia; and about 6.6% of the common shares in Reconnaissance Energy Africa Ltd.
What are BW Energy’s reserves and resources as of 2024?
Total net 2P+2C reserves and resources are estimated at 580 million barrels of oil equivalent as of the start of 2024.
