BW Energy Ltd. ( (DE:6BW) ) just unveiled an announcement.
BW Energy reported a record EBITDA of USD 182.1 million in Q1 2025, driven by increased oil sales and production from its assets in Gabon and Brazil. The company achieved its highest quarterly production since inception, with significant contributions from the Dussafu licence and Golfinho field. The announcement of a substantial oil discovery in the Bourdon prospect and the final investment decision (FID) for the Maromba development are expected to significantly boost production and position BW Energy for future shareholder distributions.
More about BW Energy Ltd.
BW Energy is a growth-oriented exploration and production (E&P) company that focuses on proven offshore oil and gas reservoirs through low-risk phased developments. The company operates with a strategy to utilize existing production facilities, thereby reducing the time to first oil and cash flow with lower investments compared to traditional offshore developments. BW Energy holds significant interests in various fields, including the Dussafu Marine licence offshore Gabon, the Golfinho and Camarupim fields in Brazil, and the Kudu field in Namibia.
YTD Price Performance: 17.27%
Average Trading Volume: 2,396
Technical Sentiment Signal: Hold
Current Market Cap: €589.4M
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