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    1. Field Development

    Decision near on Maromba oil project offshore Brazil

    Jan. 31, 2025
    BW Energy plans to issue FID next month for the Maromba field development in the Campos Basin offshore Brazil.
    Related To: BW Energy
    Courtesy BW Energy's Fourth-quarter 2024 Presentation
    Maromba FID planned for Q1 2025

    What is FID?

    A final investment decision (FID) is the final decision to invest in a project, typically made by the board and executive committee. At this point, major risks have been mitigated and concerns addressed. The project then progresses to the execution phase - exploration and production.

    Definition by Wood Mackenzie

    BW Energy plans to issue FID next month for the Maromba field development in the Campos Basin offshore Brazil, according to its latest quarterly report.

    The company plans to combine the reuse an existing FPSO with a jackup drilling platform and dry trees, at an estimated cost of $1.2 billion. Phase 1 will target low-risk oil at Maastrichtian level, with a projected production capacity of 50,000 bbl/d.

    Project financing is close to completion, with orders for long lead items expected to be placed by March. All installations should be in place by third-quarter 2027.

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    Deepwater Brazil Special Report

    The Deepwater Brazil Special Report, which published in December 2024, provides an overview of technology trends, project updates, key players and a market outlook for the oil and gas operations offshore Brazil. Download the (FREE) e-book.

    Offshore Namibia, the company expects to spud an appraisal well during the third quarter this year close to the Kudu gas field offshore Namibia on the Kharas Prospect in the northwest of the license.

    Here, long-lead items have been secured. BW Energy is still assessing rig options and is in talks with other operators in the offshore Orange Basin on shared use of available resources.

    Development planning and concept selection continues for the Kudu gas-to-power project.

    Offshore Gabon, the company and its partners plan to acquire 3D seismic over the Niosi Marin and Guduma Marin exploration blocks, both awarded last year.

    BW Energy in the news

    Courtesy BW Energy's "Third-quarter 2024 Presentation"
    BW Maromba
    Drilling & Completion

    BW Energy preparing for Kharas gas appraisal well offshore Namibia

    Nov. 18, 2024
    BW Energy has committed to drill a well on the Kharas prospect offshore Namibia on the northwest of the Kudu Formation.
    Courtesy BW Energy
    Dussafu map
    Production

    Gabon stalwarts join forces in two new offshore production sharing contracts

    Nov. 1, 2024
    BW Energy has signed production sharing contracts for two exploration blocks offshore Gabon: Niosi Marin and Guduma Marin (ex-G12-13 and H12-13).
    Courtesy BW Energy
    Dussafu map
    Production

    ESP installations nearing completion in Dussafu wells offshore Gabon

    Oct. 23, 2024
    BW Energy has completed the latest production drilling campaign in the Dussafu license offshore Gabon.
    Courtesy BW Energy
    Golfinho field - FPSO Cidade de Vitória
    Field Development

    BW Energy focused on productivity measures at Golfinho oil field offshore Brazil

    Sept. 3, 2024
    BW Energy shares field development progress and plans for its projects offshore Brazil in a results update.
    About the Author

    Jeremy Beckman | Editor, Europe

    Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.

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