BW Energy Expands Gabon Offshore Ventures

BW Energy Ltd. (DE:6BW) has released an update.

BW Energy has signed production sharing contracts for the Niosi and Guduma Marin exploration blocks offshore Gabon, marking a significant expansion of its resource base. The company, holding a 37.5% interest, aims to leverage existing infrastructure for rapid, cost-effective development, enhancing its production and cash flow capabilities. The initiative underscores BW Energy’s strategic commitment to growing its operations in Gabon alongside partners VAALCO Energy and Panoro Energy.

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