BW Energy Ltd. ( (DE:6BW) ) has issued an announcement.
BW Energy has confirmed a significant oil discovery at the Bourdon prospect in the Dussafu Licence offshore Gabon, estimating 56 million barrels of oil in place with 25 million recoverable. This discovery, characterized by high-quality reservoir and fluid properties, supports the potential for a new development cluster, enhancing the company’s reserve base and long-term production capabilities in Gabon.
More about BW Energy Ltd.
BW Energy is a growth-focused exploration and production company specializing in offshore oil and gas reservoirs. The company employs a strategy of phased developments in proven reservoirs to minimize risk and expedite production. BW Energy operates several key assets, including a majority stake in the Dussafu Marine license offshore Gabon, and holds interests in fields in Brazil and Namibia.
YTD Price Performance: 14.69%
Average Trading Volume: 1,886
Technical Sentiment Signal: Buy
Current Market Cap: €584M
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