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BW Energy has announced first quarter 2023 results. EBITDA for the first quarter of 2023 was USD 18.5 million, down from USD 21.7 million in the fourth quarter of 2022, mainly due to lower oil production. BW Energy holds majority interests in three hydrocarbon licenses in Gabon, Brazil, and Namibia.
Q1 2023 trading and financial update BW Energy today provides an update on the operations and development of the Dussafu Marin license in Gabon. The Company will publish financial figures for the
FIRST QUARTER 2023 RESULTS HIGHLIGHTS Q1 EBITDA of USD 18.5 million and net loss of USD 5.0 million Q1 gross production of 665,500 barrels with 485,000 million net to BW Energy Completed one lifting
BW Energy has provided an update on the operations and development of the Dussafu Marin license in Gabon. The Company will publish financial figures for the first quarter of 2023 on 24 May 2023. Gross production from the Tortue field averaged approx. 7,300 barrels of oil per day in the first quarter of 2023, amounting to a total gross production of approx. 660,500 barrels of oil for the period.
BW Energy, an oil and gas company headquartered in Norway, announced first oil from the Hibiscus/Ruche Phase 1 development in Dussafu licence offshore Gabon.