BW Energy Updates Dussafu and Tortue Production
BW Energy, in its H1 Results, updated its operations in Gabon on both the Dussafu and the Tortue permits. BW reported that Dussafu daily operations continued to perform in line with expectations with four wells (DTM-2H, DTM-3H, DTM-4H and DTM-5H) producing at a current rate of approximately 18,000 bpd (gross) of oil to the FPSO BW Adolo.
Gross production from Tortue averaged 15,991 bpd for Q2 2020 and total gross production was 1,455,230 barrels of oil. One lifting was completed by BW Energy in the quarter realizing an average price of about $41 per barrel. Production cost (excluding royalty) was $17 per barrel. The company sold 532,357 barrels of oil net in Q2 2020 compared to 427,647 barrels net in Q1 2020.
“Our priorities are to keep people safe, maintain stable operations and ensure financial robustness to pursue value-accretive growth opportunities,” says Carl K. Arnet, CEO of BW Energy. “We have responded decisively to changing market conditions and challenges posed by the COVID-19 pandemic. At the same time, we stand ready to resume activity on the Dussafu license as we further mature and optimize development plans.”
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