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An update from BW Energy Ltd. ( (DE:6BW) ) is now available.
BW Energy reported a net production of 3.1 million barrels of oil in Q4 2024, with substantial contributions from its operations in Gabon and Brazil. The company faced operational challenges, particularly in Brazil, due to a planned shutdown that affected production levels. Despite these hurdles, BW Energy achieved a record quarterly production at its Dussafu site and completed several operational enhancements, including the addition of new wells and the completion of an ESP replacement program. The company continues to manage its liquidity and debt effectively, maintaining a cash balance of USD 221 million at the end of the period.
More about BW Energy Ltd.
BW Energy is a growth-focused exploration and production company specializing in proven offshore oil and gas reservoirs. It employs a differentiated strategy of phased developments to minimize investment and expedite time to first oil and cash flow. The company operates several assets including the Dussafu Marine license in Gabon and the Golfinho field in Brazil, alongside interests in other fields across Africa and Brazil.
YTD Price Performance: 13.40%
Average Trading Volume: 185
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €578.8M
For a thorough assessment of 6BW stock, go to TipRanks’ Stock Analysis page.
