BW Energy: Substantial oil discovery made on the northern flank of the Hibiscus field
20 Maggio 2024 - 5:30PM
BW Energy: Substantial oil discovery made on the northern flank of
the Hibiscus field
BW Energy: Substantial oil discovery made on the
northern flank of the Hibiscus field
BW Energy is pleased to announce a substantial oil discovery
with good reservoir quality in the DHIBM-7P pilot well drilled to
appraise the northern flank of the Hibiscus field. The Company
plans to complete the well as a production well later in 2024.
The DHIBM-7P pilot was drilled from the MaBoMo production
platform to a total depth of 3,941 metres. The target area is
located approximately 1.5 kilometres north-northwest of the MaBoMo
and was drilled by the Borr Norve jack-up rig. Evaluation of
logging data, sample examination and formation pressure
measurements confirm approximately 24 metres of pay in an overall
hydrocarbon column of 37 metres. Notably, the hydrocarbon column
extends across the boundary between the Gamba and the underlying
Dentale formation. This is the first example of a common
Gamba-Dentale hydrocarbon accumulation in Hibiscus Field.
“This is yet another confirmation of the significant potential
of the Dussafu licence, which BW Energy is rapidly unlocking
through low-cost and low-risk development activity,” said Carl K.
Arnet, CEO of BW Energy.
Preliminary evaluation indicates a notable increase in both the
volume of oil in place and gross recoverable reserves. As final
data becomes available, technical personnel will be engaged in
updating the analysis for publication of the uplift at a future
date.
The next operation will be to place a production well (DHBSM-2H)
in the northern flank of the Hibiscus South field that was recently
successfully appraised.
For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76 or
ir@bwenergy.no
About BW Energy:
BW Energy is a growth E&P company with a differentiated
strategy targeting proven offshore oil and gas reservoirs through
low risk phased developments. The Company has access to existing
production facilities to reduce time to first oil and cashflow with
lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence
offshore Gabon, 100% interest in the Golfinho and Camarupim fields,
a 76.5% interest in the BM-ES-23 block in, a 95% interest in the
Maromba field in Brazil and a 95% interest in the Kudu field in
Namibia, all operated by BW Energy. Total net 2P+2C reserves and
resources were 580 million barrels of oil equivalents at the start
of 2024.
This information is considered inside information pursuant to
the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act. This stock exchange release was published by N.
Saethre, 20 May 2024.
Grafico Azioni BW Energy (TG:6BW)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni BW Energy (TG:6BW)
Storico
Da Gen 2024 a Gen 2025
