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.
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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.
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