BW Energy: Final agreements signed for Niosi and Guduma Marin Exploration Blocks Offshore Gabon

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BW Energy: Final agreements signed for Niosi and Guduma Marin Exploration Blocks Offshore Gabon BW Energy is pleased to announce its signing of production sharing contracts (PSCs) for the exploration...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBW Energy: Final agreements signed for Niosi and Guduma Marin Exploration Blocks Offshore Gabon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bw-energy-final-agreements-signed-063000020.html><strong>GlobeNewswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BW Energy: Final agreements signed for Niosi and Guduma Marin Exploration Blocks Offshore Gabon \nBW Energy is pleased to announce its signing of production sharing contracts (PSCs) for the exploration...</p>\n\n<a href=\"https://finance.yahoo.com/news/bw-energy-final-agreements-signed-063000020.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MRIN","symbol_name":"Marin Software Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/bw-energy-final-agreements-signed-063000020.html","article_id":"2479261597","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/qY0u.YgltZ7k5VbkZODw2w--~B/aD04Mjt3PTcxO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/globenewswire.com/df9fb13025016cf8da505ea128fbbe01"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479261597","pubTimestamp":1730356200,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"BW Energy is pleased to announce its signing of production sharing contracts  for the exploration blocks Niosi Marin and Guduma Marin  with Gabon’s Petroleum Minister and Minister of Economy. BW Energy holds 37.5% working interest and is the operator of the blocks, which significantly expands the resource base for infrastructure-led exploration in Gabon.The blocks are adjacent to BW Energy’s Dussafu Marin licence offshore southern Gabon, covering a combined area of 4,918 km2.VAALCO Energy  and Panoro Energy (25%) are non-operating joint venture partners in the PSCs, which have an eight-year exploration period with option to extend for two additional years. The partners have committed to drilling one well on Niosi Marin during the exploration period and intend to carry out a 3D seismic acquisition campaign.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MRIN":"Marin Software Inc.","BWEFF":"BW Energy","BK4213":"石油与天然气的勘探与生产","BK4023":"应用软件","BW":"Babcock & Wilcox Enterprises Inc","BWERY":"BW Energy","BK4182":"重型电气设备"},"translate_title":"BW Energy：加蓬近海Niosi和Guduma Marin勘探区块签署最终协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BW":1,"MRIN":1,"BWEFF":0.9,"BWERY":0.9},"content_text":"BW Energy: Final agreements signed for Niosi and Guduma Marin Exploration Blocks Offshore Gabon \nBW Energy is pleased to announce its signing of production sharing contracts (PSCs) for the exploration blocks Niosi Marin and Guduma Marin (formerly named G12-13 and H12-13) with Gabon’s Petroleum Minister and Minister of Economy. BW Energy holds 37.5% working interest and is the operator of the blocks, which significantly expands the resource base for infrastructure-led exploration in Gabon.    \nThe blocks are adjacent to BW Energy’s Dussafu Marin licence offshore southern Gabon, covering a combined area of 4,918 km2. \n“Most of the Niosi Marin and Guduma Marin acreage is within tie-back distance to existing infrastructure, enabling fast-track, low-cost development of future discoveries. We have proven our ability to create significant value in the Dussafu licence, where we are close to completing the first phase of Hibiscus / Ruche to bring production to nameplate capacity of 40,000 barrels per day. These licence awards further underpin BW Energy’s commitment to Gabon and clear ambition of growing production and cash flow generation,” said Carl K. Arnet, the CEO of BW Energy. \nVAALCO Energy (37.5%) and Panoro Energy (25%) are non-operating joint venture partners in the PSCs, which have an eight-year exploration period with option to extend for two additional years. The partners have committed to drilling one well on Niosi Marin during the exploration period and intend to carry out a 3D seismic acquisition campaign. \nThe consortium is uniquely positioned with BW Energy and Panoro Energy as joint venture partners in the Dussafu PSC, and with VAALCO Energy as the operator of the adjacent Etame PSC. Together, the partners will jointly implement safe, efficient, and cost-effective operations whilst leveraging subsurface and production learnings from Dussafu and Etame to accelerate value creation.\nFor further information, please contact: \nBrice Morlot, CFO BW Energy, +33.7.81.11.41.16 \nir@bwenergy.no \n About BW Energy: \nBW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration Licence 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and resources were 580 million barrels of oil equivalent at the start of 2024. \nThis information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479261597"}