BW Energy has approved offshore development projects in and, aiming to lift its total production above 100,000 barrels of oil per day by 2028 as it expands infrastructure-led growth across key offshore assets.
The company said it has taken final investment decisions (FIDs) on the Bourdon development within the Dussafu license offshore Gabon, as well as a new infill drilling campaign tied to the Golfinho field offshore Brazil.
Combined proved and probable (2P) reserves from the two projects are estimated at about 68 million barrels of oil equivalent (MMboe), underscoring the scale of the planned expansion.
At the Bourdon project, BW Energy plans to develop roughly 25 MMboe of gross 2P reserves through a phased approach centred on existing offshore infrastructure.
The development will involve converting the former Jasmine Alpha rig into a wellhead platform with a 12-slot wellbay, enabling a lower-cost production model compared with standalone offshore installations.
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First oil from the Bourdon field is targeted for the first quarter of 2028, with initial output expected from three wells.
The company said additional oil-in-place resources in the surrounding area could support further phases of development beyond the initial production stage.
BW Energy estimated net capital expenditure for the first phase of the Bourdon project at approximately $300 million.
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Partners in the Dussafu licence include and the.
In Brazil, BW Energy has approved the drilling of four new wells linked to the Golfinho floating production, storage and offloading (FPSO) facility, including three wells in the Golfinho licence and one in the Camarupim licence.
The company expects the Brazilian expansion to significantly boost output from the Golfinho area to around 30,000 barrels of oil equivalent per day starting in 2029.
BW Energy said the Brazil project is backed by an estimated 50 MMboe in 2P reserves and will rely on existing offshore infrastructure and gas export systems tied to the Golfinho FPSO.
Chief executive Carl K. Arnet said the strategy focuses on repurposing existing assets to reduce costs and improve project economics.
“Through the repurposing of existing energy assets and a phased approach, BW Energy has optimized the development solutions supported by low-cost infrastructure-backed financing,” he said.
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The company said the dual projects reflect its broader strategy of infrastructure-led offshore expansion, aimed at reducing capital intensity while accelerating production growth.
Analysts say such approaches are becoming increasingly common among mid-sized oil producers seeking to maximise returns from mature offshore basins without committing to high-cost greenfield developments.
If successful, the Gabon and Brazil projects would significantly strengthen BW Energy’s production profile and position it among a growing group of independent offshore producers targeting disciplined expansion in a volatile global oil market.
