Bw Energy Makes FID On Maromba Field Development In Brazil

ReutersMay 5, 2025 5:37 AM

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May 5 (Reuters) - BW Energy Ltd BWE.OL:

BW ENERGY: MAKES FID ON MAROMBA FIELD DEVELOPMENT IN BRAZIL
DEVELOPMENT TARGETS 500 MILLION BARRELS OF OIL IN PLACE IN HIGHLY DELINEATED AND TESTED MAASTRICHTIAN SANDS
FIRST OIL IS PLANNED BY END-2027 WITH EXPECTED PLATEAU PRODUCTION OF 60,000 BARRELS OF OIL PER DAY
DEVELOPMENT WILL MORE THAN DOUBLE BW ENERGY'S TOTAL NET PRODUCTION BY 2028 AND HAS SHORT PAY-BACK TIME
TOTAL INVESTMENTS OF USD AROUND 1.5 BILLION

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