BW Energy: Appraisal confirms material Hibiscus field reserve increase Reference is made to the stock exchange notice by BW Energy on 20 May 2024 announcing a substantial oil discovery on the northern flank of the Hibiscus field. BW Energy has now concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area. The Company’s preliminary evaluation indicates an increase in Hibiscus gro
BW ENERGY FIRST QUARTER RESULTS 2024 HIGHLIGHTS Q1 EBITDA of USD 109.7 million and net profit of USD 47.4 millionQ1 gross production of 3.1 million barrels with 2.5 million net to BW.
BW ENERGY: FIRST QUARTER RESULTS 2024 finanzen.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanzen.ch Daily Mail and Mail on Sunday newspapers.
BW Energy continues to progress the Hibiscus / Ruche drilling program, optimising available rig time to increase production and reserves through low-cost, low-risk development activity. In Brazil, the Golfinho field is producing in line with expectations ahead of the planned infill drilling campaign, and in Namibia, the potential of the Orange Basin and the Company s Kudu asset is reaffirmed by another major new oil discovery.