BW Energy has made final investment decisions (FID) for the Bourdon development in the Dussafu license offshore Gabon and a new infill drilling campaign in the Golfinho license offshore Brazil…
BW Energy has made final investment decisions (FID) for the Bourdon development in the Dussafu license offshore Gabon and a new infill drilling campaign in the Golfinho license offshore Brazil, targeting combined 2P reserves of 68 million barrels of oil equivalent.
The company said the two projects are expected to increase net production by about 10% to more than 100,000 barrels of oil per day in 2028 and help sustain that level into the next decade.
The Bourdon Phase 1 development offshore Gabon targets first oil in the first quarter of 2028 and includes gross 2P reserves of 25 million barrels of oil equivalent, almost entirely oil.
BW Energy said the development will use a converted drilling rig, the Akoum rig, as a new wellhead platform with a 12-slot wellbay. Initial production is planned from three wells, with additional future development potential near the Bourdon field.
Net capital expenditure for the project is estimated at $300 million, with pre-first-oil spending of about $100 million supported by a recent sale-and-leaseback agreement with Minsheng, the company said.
BW Energy said the project has an estimated internal rate of return above 25% at $60 per barrel oil prices and a breakeven price of $45
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