Brief: Bw Energy Makes FID On Maromba Field Development In Brazil

BW Energy

05/05/2025 06:37

May 5 (Reuters) - BW Energy Ltd BWE.OL:

BW ENERGY: MAKES FID ON MAROMBA FIELD DEVELOPMENT IN BRAZIL

DEVELOPMENT TARGETS 500 MILLION BARRELS OF OIL IN PLACE IN HIGHLY DELINEATED AND TESTED MAASTRICHTIAN SANDS

FIRST OIL IS PLANNED BY END-2027 WITH EXPECTED PLATEAU PRODUCTION OF 60,000 BARRELS OF OIL PER DAY

DEVELOPMENT WILL MORE THAN DOUBLE BW ENERGY'S TOTAL NET PRODUCTION BY 2028 AND HAS SHORT PAY-BACK TIME

TOTAL INVESTMENTS OF USD AROUND 1.5 BILLION

Source text: ID:nGNE1lwXjq

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