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Oslo-listed oil and gas E&P player BW Energy makes significant commercial oil discovery offshore Gabon

Oslo-listed oil and gas exploration and production (E&P) company BW Energy has made a groundbreaking commercial oil discovery at an appraisal well located approximately 5 kilometers southwest of the MaBoMo production platform in the Dussafu license offshore Gabon.

The DHBSM-1 appraisal well encountered commercial volumes of oil in the Hibiscus South satellite prospect, confirming the significant potential of the Dussafu license. The well was drilled to a total depth of 6,002 meters by Borr Drilling’s Norve jack-up rig.

The discovery is expected to add 6 to 7 million barrels of oil to BW Energy’s reserves and provide an opportunity to drill one or more additional production wells from the MaBoMo facility. This will further boost the production capacity of the Dussafu license, which is currently expected to reach 40,000 barrels per day gross when all wells are completed and on stream.

The success of the DHBSM-1 appraisal well further demonstrates the substantial organic upside potential that exists on the Dussafu Marin permit offshore Gabon. This is the sixth oil discovery to be made on the block under Panoro’s participation, representing an 86% success rate in the Gamba reservoir.

In addition to the DHBSM-1 appraisal well, BW Energy is also drilling the DRM-3H production well, which was temporarily suspended after encountering oil in the Gamba reservoir. The completion of the DRM-3H well is expected later in the drilling campaign once additional casing material is received.

With the recent discoveries and the ongoing Hibiscus/Ruche drilling campaign, BW Energy is well-positioned to further expand its oil production and reserve base in Gabon. The company is committed to developing its assets in a sustainable and responsible manner while maximizing value for its shareholders.

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