BW Energy is a growth-focused oil and gas company involved in the acquisition, development and production of proven oil and natural gas fields.
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Diversified asset base with material reserves
640
mmboe
Net 2P reserves + 2C resources including Bourdon discovery in March 2025 in Dussafu licence, company estimate
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Industry-leading growth in offshore oil and gas
~90
kbopd by end-2028
From 30 kbopd in 2025
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Capital-efficient development model
>30%
IRR
Average portfolio at USD 60 brent
Current base case rate of return for all development projects: Maromba, Mabomo Phase 2 and Golfinho Boost
Projects in execution
Maromba
Golfinho
Boost
MaBoMo
Phase 2
2P Reserves
Net mmbbls
123
12
14
CAPEX
USD million
1500
100
100
First oil
Target
End-2027
H2 2027
H2 2026
Breakeven
USD per bbl
~40
~47
~40
IRR
At USD 60 per bbl
>30%
>30%
>50%
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Strong financial foundation
0.9x
NIBD/EBITDA ratio
Net interest-bearing debt divided by last 12-months EBITDA at 30 September 2025