Edition:
United Kingdom

BW Energy eyes 106 mln barrels of recoverable oil at Maromba


Monday, 3 Jun 2019 

June 3 (Reuters) - BW Offshore's BW Energy unit told an investor briefing on Monday::BW ENERGY SAYS MAROMBA PHASE 1 DEVELOPMENT OFF BRAZIL IS EXPECTED TO PRODUCE AROUND 20,000 BOPD FROM Q1 2022, DEVELOPMENT COST AT AROUND $250 MILLION.BW ENERGY CEO SAYS TOTAL MAROMBA CAPITAL SPENDING IS EXPECTED TO BE AT AROUND $525 MLN, WHEN FPSO LEASE IS INCLUDED.BW ENERGY ESTIMATES MAROMBA DISCOVERY OFF BRAZIL TO HOLD AROUND 106 MILLION BARRELS OF RECOVERABLE OIL.BW ENERGY EXPECTS A TOTAL 2019-2025 NET CAPEX OF $1.4 BILLION.BW ENERGY CEO SAYS HE EXPECTS COMPANY'S PRE-CASH VALUATION IN IPO TO BE AT AROUND $750 MILLION.