Brief: Bw Energy: 2025 Production Guidance Between 11- 12 Mmbbls Net

BW Energy

31/01/2025 06:34

Jan 31 (Reuters) - BW Energy Ltd  BWE.OL :
    * Q4 GROSS PRODUCTION OF 4.0 MMBBLS WITH 3.1 MMBBLS NET
    * DUSSAFU: BW ENERGY COMPLETED THREE LIFTINGS IN Q4 AT AN
AVERAGE
REALISED PRICE OF USD 72.5/BBL
    * DUSSAFU: NET PRODUCTION FROM DUSSAFU LICENCE AVERAGED
ABOUT
27,300 BBLS/DAY, AN INCREASE OF 36% FROM PREVIOUS QUARTER
    * DUSSAFU: FURTHER COST SAVINGS ARE EXPECTED AS BW ENERGY IS
PREPARING TO TAKE OVER OPERATIONS OF BW ADOLO FPSO DURING FIRST
HALF OF 2025
    * GOLFINHO: NET PRODUCTION FROM GOLFINHO FIELD AVERAGED 
ABOUT
6,400 BBLS/DAY EQUIVALENT TO TOTAL PRODUCTION OF 585,000 BBLS IN
QUARTER
    * PRODUCTION GUIDANCE FOR 2025 IS BETWEEN 11 AND 12 MMBBLS
NET TO
BW ENERGY
    * FULL-YEAR OPERATING COST IS EXPECTED TO BE USD 18 TO
22/BBL
    * NET CAPITAL EXPENDITURES ARE EXPECTED AT USD 260 TO 285
MILLION,
INCLUDING APPRAISAL WELL IN NAMIBIA

Source text:  ID:nGNEbJ8L7Q 
Further company coverage:  BWE.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))