The latest update is out from BW Energy Ltd. ( (DE:6BW) ).
BW Energy reported a net production of 3.2 million barrels of oil in Q1 2025, with significant contributions from the Dussafu licence in Gabon and the Golfinho field in Brazil. The company achieved record production levels at Dussafu, driven by high production availability and successful well operations. Additionally, a substantial oil discovery at the Bourdon prospect indicates potential for new developments. The Golfinho Boost project aims to enhance production efficiency and output by 2027. Financially, BW Energy saw a net loss from oil derivatives but maintained a strong cash balance, reflecting robust operational cash flow and strategic debt management.
More about BW Energy Ltd.
BW Energy is a growth-focused exploration and production company with a strategy centered on developing proven offshore oil and gas reservoirs through phased developments. The company operates with a significant interest in various fields including the Dussafu Marine licence in Gabon, Golfinho and Camarupim fields in Brazil, and the Kudu field in Namibia, among others. BW Energy aims to leverage existing production facilities to expedite oil production and cash flow with reduced investment costs compared to traditional offshore developments.
YTD Price Performance: 12.89%
Average Trading Volume: 1,886
Technical Sentiment Signal: Buy
Current Market Cap: €556.1M
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