Brief: BW Energy Third Quarter 2023 Results

BW Energy

16/11/2023 06:47

Nov 16 (Reuters) - BW Energy Ltd  BWE.OL :
    * BW ENERGY: THIRD QUARTER 2023 RESULTS
    * Q3 GROSS PRODUCTION OF 2.49 MILLION BARRELS WITH 1.93
MILLION
BARRELS NET TO BW ENERGY
    * FOR 2023, COMPANY EXPECTS A TOTAL PRODUCTION OF
APPROXIMATELY
6.7 MILLION BARRELS FROM DUSSAFU LICENCE, REFLECTING CONTINUED
ESP CHALLENGES
    * BW ENERGY COMPLETED ONE LIFTING IN Q3 AND REALISED A PRICE
OF
USD 79 PER BARREL
    * ANNUALISED AVERAGE OPEX IS EXPECTED AT USD 30 PER BARREL
    * FOR 2024, PRODUCTION EXPECTATION IS IN RANGE OF 10 TO 12
MILLION
BARRELS
    * WHILE ESPS WERE RE-STARTED IN MID-OCTOBER, COMPANY
CONTINUES TO
EXPERIENCE CHALLENGES IMPACTING PRODUCTION.

Source text for Eikon:  ID:nGNE4DDwdp 
Further company coverage:  BWE.OL 

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