Edition:
United Kingdom

BW Offshore sees potential long-term spin-off of oil and gas


Monday, 8 Jan 2018 

Jan 8 (Reuters) - Bw Offshore Ltd ::‍NEW PRELIMINARY RESERVE ESTIMATES FOR TORTUE FROM INDEPENDENT RESERVES AUDITORS NETHERLAND, SEWELL & ASSOCIATES INC. (NSAI) FROM DECEMBER 2017​.‍NSAI HAS CALCULATED FOLLOWING ESTIMATES OF TOTAL GROSS ECONOMICALLY RECOVERABLE OIL RESERVES, DERIVED FROM ASSUMED PRODUCTION FROM FOUR OIL WELLS IN TORTUE FIELD​.‍PROVED (1P) RESERVES OF 15.9 MILLION BBLS​.‍PROVED + PROBABLE (2P) RESERVES OF 23.5 MILLION BBLS​.‍PROVED + PROBABLE + POSSIBLE (3P) RESERVES OF 31.4 MILLION BBLS​.‍NSAI RESERVES REVIEW DOES NOT INCLUDE OTHER 3 DISCOVERED FIELDS IN LICENSE, KNOWN AS RUCHE, MOUBENGA AND WALT WHITMAN​.‍INDEPENDENT RESERVES REVIEW DOES NOT ADDRESS PROSPECTIVE RESOURCES WITHIN EEA​.POTENTIAL SEPARATE LISTING OF OIL AND GAS SEGMENT ON LONG TERM‍​.