This is BW Energy

Strategy

BW Energy combines operational discipline, technical expertise and entrepreneurial thinking to unlock value in offshore oil and gas assets. The company applies an infrastructure-led approach supported by disciplined execution and a strong corporate culture focused on safety, integrity and responsible operations.

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BW Energy brings together an experienced team with deep expertise across offshore oil and gas infrastructure and exploration and production activities. The company’s culture is built on accountability, collaboration, and a strong commitment to safety, integrity, and responsible operations. As part of the BW Group, BW Energy leverages operational and financial synergies to support disciplined execution and efficient, accretive growth.

BW Energy targets discovered resources where other E&P (Exploration & Production) companies are unable to progress developments under traditional models. By operating in the “sweet spot” of size, experience, and financial capabilities, the company can unlock value through both brown- and greenfield developments.

BW Energy converts low-risk, proven undeveloped reserves to production by minimising upfront capital expenditures through phased development and repurposed infrastructure.

By repurposing existing infrastructure, BW Energy avoids building new, emission-heavy facilities – minimising environmental impact while accelerating development.

Heritage

2016

BW Energy established.
Operating interest acquired in Dussafu Marin licence offshore Gabon.

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2017

Acquired operating interest in Kudu licence in Namibia.

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2018

Achieved first oil after 18 months of investment in Dussafu licence.

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2019

Maromba licence in Brazilian Campos Basin acquired.

Discovered Hibiscus field, largest discovery in Dussafu

Maromba subsurface

2020

Listed on Euronext Oslo Børs, the Norwegian Stock Exchange.

Acquired two jack-up drilling rigs for use on Dussafu licence development.

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2021

Purchased Polvo FPSO for Maromba Development.

Purchased West Leo rig for potential Kudu licence development.

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2022

MaBoMo, first converted jack-up rig, installed on Hibiscus field in Dussafu licence.

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2023

First oil achieved from Hibiscus field in Dussafu licence from MaBoMo.
Acquired Golfinho field and Cidade de Vitória FPSO.

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2024

Acquired 6% interest in ReconAfrica and 20% in PEL 73. Increased to 7.16% in 2025.

Acquired 37.5% operated interest in both Guduma Marin and Niosi Marin licences in Gabon.

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2025

Maromba FID, set to nearly triple company production in 2028.

Substantial Bourdon discovery in the Dussafu licence.

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Management

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Carl K. Arnet

Chief Executive Officer (CEO)

Carl K. Arnet

Chief Executive Officer (CEO)

CEO since: 2019
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Share options: 3,300,000
Nationality: Norwegian

Carl Krogh Arnet has more than 40 years’ experience in the oil and gas industry.

Prior to his role as CEO of BW Energy, Mr. Arnet was the CEO of BW Offshore. Previously, Mr. Arnet was the Managing Director of Advanced Production and Loading (APL), and had held various positions at Norsk Hydro (Statoil Hydro) and Conoco UK in the period from 1981 to 1996.

Mr. Arnet holds a M.Sc. from the Norwegian University of Science and Technology (NTNU) and an MBA from the Norwegian School of Management (BI). He holds a number of other board memberships and chairmanships in non-related companies and was a non-executive director of the Maritime and Port Authority of Singapore until February 2021.

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Thomas Young

Chief Financial Officer (CFO)

Thomas Young

Chief Financial Officer (CFO)

CFO since: 2025
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Share options: 721,500
Nationality: Norwegian

Thomas Young is Chief Financial Officer (CFO).

Prior to his role as CFO, Mr. Young was the Chief Strategy Officer in BW Energy and the SVP of Commercial Strategy & Analysis of BW Offshore. He joined BWO in 2012 and was key contributor in the development of the E&P strategic initiative. He has a Bachelor Degree in Commerce with a double major in Finance and Economics from Griffith University Australia.

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Brice Morlot

Chief Operating Officer (COO)

Brice Morlot

Chief Operating Officer (COO)

COO since: 2025
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Share options: 125,000
Nationality: French

Brice Morlot is Chief Operating Officer (COO)

Mr. Morlot joined BW Energy in 2024 as Chief Financial Officer and brings extensive experience, combining a solid financial understanding with an operational background in the E&P business. Prior to BW Energy, he served as Managing Director of Assala Energy in Gabon, and held previous leadership roles in Assala, SCOR and Perenco.

Mr. Morlot has a Masters degree in Economics from Université Catholique de Lille, a Masters degree in Civil Engineering from Hautes Etudes d’Ingénieur and, a Masters degree in Petroleum Engineering and Project Development from IFP School.

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Thomas Kolanski

Chief Commcercial Officer (CCO)

Thomas Kolanski

Chief Commcercial Officer (CCO)

CCO since: 2020
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Share options: 721,500
Nationality: American

Thomas Kolanski is Chief Commcercial Officer.

Prior to BW Energy, Mr. Kolanski was VP of Business Development and GM of BW Offshore USA. He led the team that identified and secured the initial field development opportunities for BW Energy and was instrumental in the development of the BW Energy strategy.

Mr. Kolanski has a Bachelor of Science in Mechanical Engineering from the University of Texas and a Juris Doctorate from South Texas College of Law and was admitted to Texas Bar in 2009.

He has 15 years of industry experience and has worked for companies such as Technip, Wellstream and SBM.

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Tara Leiter

Chief Legal Officer (CLO)

Tara Leiter

Chief Legal Officer (CLO)

CLO since: 2025
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Nationality: American

Tara Leiter is Chief Legal Officer.

Ms. Leiter joined BW Energy in 2020. Prior to joining BW Energy, she was a senior lawyer at ExxonMobil and global law firm, Blank Rome. She has over 20 years of experience in oil and gas, maritime, governance, trading/hedging, and large project finance.

Ms. Leiter has a Bachelor of Law/International Relations and a Master of Laws in International Law from the University of Malta and a Master of Laws in International Maritime Law from the IMO International Maritime Law Insititute, Malta. Ms. Leiter is a dual qualified lawyer in the US and UK.

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Liana Almeida

Chief Human Resources Officer (CHRO)

Liana Almeida

Chief Human Resources Officer (CHRO)

CHRO since: 2025
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Nationality: Brazilian

Liana Almeida is Chief Human Resources Officer.

Ms. Almeida joined BW Energy in 2022 and is former VP of Human Resources for Wellbore Technologies Business Segment – NOV. She has a broad Human Resources industry experience from major E&P Services Companies in US, Latin America, and Africa.

Ms. Almeida has an MBA in Human Resources from Pontificia Catholic University of Rio de Janeiro, Brazil.

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Jerome Bertheau

Chief Technical Officer (CTO)

Jerome Bertheau

Chief Technical Officer (CTO)

CTO since: 2024
Nationality: French
Shareholding: –
Share options: 125,000

Jerome Bertheau is Chief Technical Officer.

Mr. Bertheau joined BW Energy in 2024 and brings extensive experience, combining solid project management experience with offshore E&P operational understanding. Prior to joining BW Energy, he served as Project Director at Perenco Oil & Gas – Gabon and held previous leadership roles at GE, SBM and Technip.

Mr. Bertheau has a Master in Mechanical Engineering from ECAM LaSalle.

Board of Directors

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Andreas Sohmen-Pao

Chairman

Andreas Sohmen-Pao

Chairman

Chairman since: 2019
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Nationality: Austrian

“Andreas Sohmen-Pao is Chairman of BW Group and listed affiliates BW Offshore, BW LPG, Hafnia, BW Energy and Cadeler. He is also Chairman of the Global Centre for Maritime Decarbonisation, and a trustee of the Lloyd’s Register Foundation.

Mr Sohmen-Pao was previously Chairman of the Singapore Maritime Foundation and has served as a non-executive director of The Hongkong and Shanghai Banking Corporation Ltd, London P&I Club, Navigator Holdings, Singapore Symphonia Company, National Parks Board Singapore, Sport Singapore and the Maritime and Port Authority of Singapore amongst others.

Mr Sohmen-Pao graduated from Oxford University in England with an honours degree in Oriental Studies and has an MBA from Harvard Business School.”

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Darrell McKenna

Director (Independent)

Darrell McKenna

Director (Independent)

Director since: 2024
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Nationality: American

Darrell McKenna is currently the Executive Chairman on the Board of Samson Oil and Gas/Springline Energy and a technical advisor to engineering and field staff in Samson Oil and Gas/Springline Energy.

Mr. McKenna has over 40 years of experience in the oil and gas industry in various engineering and leadership roles of a wide range of companies within the energy sector, including Mobil, Schlumberger, Hess, Kosmos Energy and Oracle Energy.

Mr. McKenna holds a degree in Petroleum Engineering (with honors) from the Montana School of Mineral Science and Technology (Montana Tech) in Butte, Montana.

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Alan Dowokpor

Director (Independent)

Alan Dowokpor

Director (Independent)

Director since: 2024
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Nationality: British

Alan Dowokpor is currently Deputy Chair and a member of the Remuneration and Nominations Committee of the Board of Harwich Haven Authority (a major UK Trust Port).

Mr. Dowokpor has over 30 years of global, strategic, operations and business leadership experience in the oil and gas industry with a focus on upstream exploration, production, and development from BP and Tullow Oil.

Mr. Dowokpor holds a Masters degree in Petroleum Engineering from Imperial College, London.

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Hilde Drønen

Director (Independent)

Hilde Drønen

Director (Independent)

Director since: 2020
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Nationality: Norwegian

Hilde Drønen was the Chief Financial Officer (CFO) of DOF ASA through end-2024.

Mrs. Drønen has several directorships of various energy companies. Her previous experience includes being the CFO in DOF Management AS (2004-2007), Director of Finance with Bergen Yards AS (2003-2004), and Group Controller for the Møgster Group (1995-2003).

She holds a Master’s Degree from the Norwegian School of Management (BI) and MBA from Norwegian School of Economics and Business Administration (NHH).

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Russell Scheirman

Director (Independent)

Russell Scheirman

Director (Independent)

Director since: 2019
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Nationality: American

Russell Scheirman has more than 35 years in the oil & gas industry. Mr Scheirman has held senior positions at McKinsey, ExxonMobil and VAALCO Energy, Inc. (1991-2015).

He holds a B.Sc. & M.Sc. in Mechanical Engineering from Duke University, and an MBA from California Lutheran University.

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Ana Zambelli

Director (Independent)

Ana Zambelli

Director (Independent)

Director since: 2023
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Nationality: Brazilian

Ms. Ana Zambelli was a Managing Director of Brookfield Private Equity Inc, responsible for business operations in Brazil. She has more than 23 years of international experience in the oil and gas industry.

Ms. Zambelli is currently a board member at Seadrill and the head of the Diversity Committee of the Brazilian Petroleum Institute (IBP). She also has been a board member of a wide range of companies within the energy sector including Petrobras and Braskem and in other industries. Her previous experience also includes senior executive roles within Maersk Drilling, Transocean and Schlumberger.

Ms. Zambelli holds a Master of Science Degree from Heriot-Watt University in Scotland, a Bachelor of Science degree from the Federal University of Rio de Janeiro and post graduate certifications from Columbia University and MIT.