Brief: BW Energy Q4 Gross Production Of 3.03 Mln Barrels

BW Energy

28/02/2024 06:41

Feb 28 (Reuters) - BW Energy Ltd  BWE.OL :
    * Q4 GROSS PRODUCTION OF 3.03 MILLION BARRELS WITH 2.48
MILLION
NET TO BW ENERGY
    *  WE DELIVERED STRONG PRODUCTION FROM DUSSAFU AND GOLFINHO,
WHICH
IS REFLECTED IN IMPROVED FINANCIAL PERFORMANCE
    * Q4 AND FULL YEAR 2023 IS BW ENERGY'S BEST
    * LOOKING AHEAD, WE EXPECT INCREASED OIL PRODUCTION AND
STRONG
CASH GENERATION IN 2024 WITH COMPLETION OF HIBISCUS / RUCHE
PHASE 1 DEVELOPMENT PROGRAM
    * OUTLOOK: ENERGY PRICES REMAIN AT HIGH LEVELS DESPITE A
SOFTENING
OF MACROECONOMIC DRIVERS DURING 2023 AS GEOPOLITICAL CONFLICT,
GLOBAL SUPPLY CHAIN CHALLENGES, INFLATION AND HIGHER INTEREST
RATES IMPACTED GLOBAL ECONOMIC GROWTH
    * OUTLOOK: BW ENERGY EXPECTS OIL AND GAS TO REMAIN AN
IMPORTANT
PART OF GLOBAL ENERGY MIX WITH INCREASED DEMAND IN DECADES TO
COME AND REMAINS FOCUSED ON REALISING LONG-TERM VALUE CREATION
VIA ITS PHASED DEVELOPMENT STRATEGY AND INVESTMENTS IN
HIGH-RETURN ASSETS

Source text for Eikon:  ID:nGNE9wKBLC 
Further company coverage:  BWE.OL 

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