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BW Energy Ltd. ( (DE:6BW) ) has shared an announcement.
BW Energy has contracted the Deepsea Mira semi-submersible rig to drill the Kharas appraisal well on the Kudu licence offshore Namibia, scheduled for the second half of 2025. This agreement, part of a rig-sharing arrangement with Northern Ocean Ltd. and Rhino Resources Ltd., aims to leverage an experienced services team and high local content, potentially enhancing BW Energy’s operational capabilities and market position in the Orange Basin.
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 low-risk phased developments to tap into proven reserves, leveraging existing production facilities to expedite time to first oil and cashflow with reduced investment requirements. BW Energy operates several key assets, including the Dussafu Marine licence offshore Gabon, the Golfinho and Camarupim fields, the BM-ES-23 block, the Maromba field in Brazil, and the Kudu field in Namibia.
YTD Price Performance: 49.68%
Average Trading Volume: 85,740
Current Market Cap: NOK9.1B
See more insights into 6BW stock on TipRanks’ Stock Analysis page.