BW Energy has approved new offshore developments in Gabon and Brazil as it pushes toward a production target of more than 100,000 barrels per day (bopd) by 2028, supported by low-cost, infrastructure-led growth projects.
The company said it has taken final investment decisions on the Bourdon development in the Dussafu licence offshore Gabon and a new infill drilling campaign at the Golfinho field offshore Brazil.
Combined, the two projects hold about 68 million barrels of oil equivalent (2P reserves) and are designed to increase output by leveraging existing offshore infrastructure rather than building entirely new production systems.
In Gabon, BW Energy plans to develop around 25 million barrels of gross reserves through a phased development approach centred on converting the former Jasmine Alpha rig into a wellhead platform equipped with a 12-slot wellbay.
First oil from the Bourdon project is expected in the first quarter of 2028, initially from three wells, with the company indicating that nearby undeveloped resources could support future expansion phases.
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BW Energy estimates capital expenditure for the first phase of the Gabon project at approximately US$300 million, reflecting its strategy of controlling costs while accelerating production from existing discoveries.
Partners in the Dussafu licence include Panoro Energy and Gabon Oil Company.
In Brazil, the company has approved four new wells tied back to the Golfinho floating production storage and offloading (FPSO) facility, including three wells in the Golfinho licence and one in the Camarupim licence.
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The development is expected to significantly boost production from the Golfinho area to about 30,000 barrels of oil equivalent per day starting in 2029, with BW Energy saying the project could triple current output levels.
The Brazil expansion is underpinned by an estimated 50 million barrels of 2P reserves and will make use of existing production and gas export infrastructure connected to the Golfinho FPSO, reducing upfront capital requirements and execution risk.
Chief executive Carl K. Arnet said the company’s approach focuses on “repurposing existing energy assets” and using phased developments to optimise returns while limiting capital exposure.
The strategy reflects a broader trend among mid-sized upstream producers that are prioritising infrastructure-led growth models to maximise value from mature offshore basins.
BW Energy said the combined projects in Gabon and Brazil support its ambition to scale production sustainably while maintaining financial discipline and faster payback periods.
If successful, the developments would mark a significant step in the company’s plan to become a more diversified offshore producer with a stronger presence in both West African and South American oil basins.
