Bourdon discover drives solid growth for BW Energy

BW Energy has recorded solid operational performance in the first half of 2025

This was the result of high production uptime, competitive cost levels, and a solid safety record with zero lost time incidents. The year's highlights are when the company reached final investment decisions on both the Maromba development and the Golfinho Boost project. Also, the company expanded its resource base as it made a significant discovery of 25 million barrels of oil at the Bourdon prospect in the Dussafu area. It has acquired operatorship of the BW Adolo FPSO as well. 

These developments have enabled strong cash generation and a resilient financial structure for the company.

Carl Arnet, CEO of BW Energy, said, “BW Energy delivered a strong first half of 2025, with production above the upper end of our guidance range and operating costs at significantly more competitive levels than in 2024. This reflects continued focus on safe, efficient operations and disciplined cost management across the portfolio.

"During the period, we moved key development projects into execution, marking an important step forward in our growth strategy. The Maromba development in Brazil is now underway and will be transformative for BW Energy, increasing production to more than 90,000 barrels per day in 2028.

"Furthermore, we strengthened our portfolio, confirming new resources at the Bourdon prospect in the Dussafu licence. These are highly profitable barrels that highlight our strategy of leveraging existing infrastructure and pursuing fast‑track developments to accelerate value creation.

"Our financial foundation remains robust, with low leverage and strong underlying cash generation. This gives us the resilience to navigate market volatility while continuing to deliver growth and long‑term value for our shareholders.”