BW Energy Ltd. (DE:6BW) has released an update.
BW Energy Ltd. has reported a strong first half of 2024, with an EBITDA of USD 185.6 million and a net profit of USD 61.9 million, bolstered by increased production and successful drilling in the Dussafu and Golfinho fields. The company’s net production was 4.6 million barrels, contributing to a robust cash position of USD 244.2 million. Key strategic moves included the first oil from Hibiscus South, a sale and leaseback deal for the MaBoMo facility, and the issuance of USD 100 million in senior unsecured bonds.
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