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BW Energy announces second quarter 2025 operational update


18 Jul 2025

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BW Energy will publish its financial results for the second quarter and first half of 2025 on 1 August 2025. Today, the company provides preliminary operational figures.

Net production attributable to BW Energy was 2.9 million barrels of oil (mmbbls) in the second quarter 2025, equivalent to 32.3 thousand barrels of oil per day (kbopd), from the Dussafu license in Gabon (73.5% working interest) and the Golfinho field in Brazil (100% working interest).

  Q2 2025 Q1 2025 Q2 2024
Production (mmbbls) 2.9 3.2 2.1
Dussafu 2.4 2.6 1.4
Golfinho 0.5 0.7 0.7
       
Production (kbopd) 32.3 36.0 23.6
Dussafu 26.6 28.7 15.6
Golfinho 5.7 7.3 8.0
       
Net volume sold (mmbbls) 2.8 3.7 1.9
Dussafu1 2.3 3.2 0.9
Golfinho 0.5 0.5 1
1incl. Domestic market obligations (DMO) 0.07 0.07 0.03
1incl. State profit oil 0.30 0.32 0.17
       
Quarter-end stock inventory (mmbbls) 0.5 0.2  
Dussafu -0.2 -0.4  
Golfinho 0.7 0.6  
       
Average realised price (USD)  66.7 74.8 83.8
Dussafu 66.2 74.8 81.1
Golfinho 69.1 75.0 86.4
        
Operational costs2 (USD per barrel) 20.4 16.5 28.5
Dussafu 14.3 9.9 19.8
Golfinho 49.0 42.2 45.4

2) Operating costs exclude Royalties, Tariffs, Workovers, Domestic Market Obligation purchases, Production Sharing costs in Gabon, and incorporates the impact of IFRS 16 adjustments.

Original announcement link

Source: BW Energy





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