BW Energy targets 100,000 bopd with Gabon and Brazil projects

(WO) — BW Energy has approved offshore development projects in Gabon and Brazil that are expected to increase company production above 100,000 bopd by 2028.

The company reached final investment decision on the Bourdon development within the Dussafu license offshore Gabon, along with a campaign of new infill wells tied to the Golfinho field offshore Brazil.

Combined 2P reserves for the two projects are estimated at approximately 68 MMboe.

At Bourdon, BW Energy plans to develop approximately 25 MMboe of gross 2P reserves through a phased, infrastructure-led approach centered on conversion of the former Jasmine Alpha rig into a wellhead platform with a 12-slot wellbay.

Initial production is expected from three wells, with first oil targeted in first-quarter 2028. The company said nearby additional oil-in-place potential could support future development phases.

BW Energy estimates net capex for the Bourdon Phase 1 project at approximately $300 million. Partners in the Dussafu license include Panoro Energy and Gabon Oil Company.

Offshore Brazil, BW Energy approved four new wells tied back to the Golfinho FPSO, including three wells in the Golfinho license and one in the Camarupim license.

The company said the development is expected to triple production from the Golfinho area to approximately 30,000 boed beginning in 2029.

BW Energy estimates 50 MMboe in 2P reserves associated with the Brazil project, which will leverage existing production infrastructure and gas export capacity tied to the Golfinho FPSO.

“Through the repurposing of existing energy assets and a phased approach, BW Energy has optimized the development solutions supported by low-cost infrastructure-backed financing,” said CEO Carl K. Arnet.

The company said the combined developments support its strategy of pursuing infrastructure-led offshore growth while minimizing capital exposure and accelerating returns.