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BW Energy Ltd. ( (DE:6BW) ) has issued an announcement.
BW Energy has completed drilling the Kharas-1 appraisal well in the Kudu license area, encountering multiple formations and providing valuable geological data. Preliminary results indicate potential hydrocarbon presence and a working petroleum system, with further wireline operations underway to assess reservoir quality and fluid characteristics. A follow-up appraisal campaign is planned to evaluate individual targets more thoroughly, guiding future well locations and appraisal strategies.
More about BW Energy Ltd.
BW Energy is a growth-focused exploration and production company with a unique strategy of targeting proven offshore oil and gas reservoirs through low-risk, phased developments. The company leverages existing production facilities to expedite time to first oil and cash flow with lower investments compared to traditional offshore developments. BW Energy operates several assets, including a significant interest in the Dussafu Marine license offshore Gabon, and holds interests in fields in Brazil and Namibia.
Average Trading Volume: 136,299
Current Market Cap: NOK10.36B
See more data about 6BW stock on TipRanks’ Stock Analysis page.