Significant Oil Discovery at Bourdon Prospect Boosts BW Energy
Major Oil Discovery at Bourdon Prospect by BW Energy
BW Energy has made an exciting announcement regarding a significant oil discovery at the Bourdon prospect located in the Dussafu Licence offshore Gabon. This finding not only highlights the company’s growth potential but also adds valuable reserves to its portfolio.
Details of the Oil Discovery
The exploration and evaluation of the site revealed impressive reservoir quality, confirming the presence of around 34 metres of pay within a total hydrocarbon column of 45 metres in the Gamba formation. This impressive discovery is now recognized as the longest hydrocarbon column identified thus far within the Dussafu licence. The drilling effort was accomplished using the Norve jack-up rig, reaching a total depth of 4,135 metres.
Impact on Future Operations
This groundbreaking discovery will allow BW Energy to report new reserves that were not previously included in their 2024 Statement of Reserves. Carl K. Arnet, the CEO of BW Energy, expressed enthusiasm for this development, stating, “The Bourdon appraisal well once again confirms the significant resource potential of the Dussafu licence, which holds multiple additional prospects.”
The results of this discovery are encouraging, suggesting a potential establishment of a new development cluster that could include a production facility modeled after the successful MaBoMo blueprint. There are plans for further assessments, including the evaluation of a second sidetrack to deepen the appraisal of the discovery.
Strategic Location of the Discovery
Geographically, the Bourdon prospect is positioned advantageously, sitting approximately 15 kilometres west of the BW Adolo FPSO and 7.5 kilometres southeast of the MaBoMo facility. This strategic location enhances the feasibility of future development projects.
About BW Energy and Its Operations
BW Energy strives to be a leading player in the exploration and production sector, focusing on sustainable and low-risk phased developments that target well-established offshore oil and gas reservoirs. The company utilizes existing production facilities to expedite the timeline for achieving first oil and maximizing cash flow, often requiring lower investments compared to traditional offshore endeavors.
The company holds a 73.5% operating interest in the productive Dussafu Marine licence offshore Gabon, alongside full interest in the Golfinho and Camarupim fields, a 76.5% interest within the BM-ES-23 block, a 95% ownership in the Maromba field in Brazil, and a similar 95% interest in the Kudu field located in Namibia. BW Energy also maintains 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 in Namibia. At the beginning of 2025, the total net 2P+2C reserves and resources held by the company were estimated at a robust 599 million barrels of oil equivalent.
Contact for Further Information
For further inquiries regarding this exciting development, please reach out to:
Brice Morlot,
CFO, BW Energy
Phone: +33.7.81.11.41.16
Email: ir@bwenergy.no
Frequently Asked Questions
What is the significance of the Bourdon prospect discovery?
The discovery indicates substantial oil reserves that could enhance BW Energy's portfolio and operational capacity.
How much hydrocarbon was found at the Bourdon prospect?
Approximately 34 metres of pay was confirmed within a total hydrocarbon column of 45 metres.
What is the next step for BW Energy after this discovery?
The company plans to evaluate further drilling results and potentially establish a new development cluster.
Where is the Bourdon prospect located?
The prospect is situated about 15 kilometres west of the BW Adolo FPSO and 7.5 kilometres southeast of the MaBoMo facility.
What is BW Energy's operational strategy?
BW Energy focuses on low-risk phased developments in proven offshore oil and gas reservoirs to minimize investment and expedite production.
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