BW Energy Limited reported production results for the third quarter of 2023. The company's Gross production from the operated assets was 27,400 barrels of oil per day in the?third quarter 2023. This included a full quarter of production from the Tortue and Hibiscus fields in the Dussafu licence (73.5% working interest) and production from the Golfinho field after assuming 100% ownership on 28 August 2023.

Gross production from the Dussafu licence averaged approximately 23,200 barrels of oil per day in the?quarter, amounting to a total gross production of approximately 2.14 million barrels of oil for the period. Production was positively impacted by first oil from two additional Hibiscus wells during the quarter and start-up of the additional gas lift compressor on the FPSO BW Adolo. BW Energy?s share of gross production was approximately 1.57 million barrels of oil, an increase of over 50% from the prior quarter.

The net sold volume, which is the basis for revenue recognition in the financial statement, was approximately 1 million barrels including 32,500 barrels of Domestic Market Obligation (DMO) deliveries with an under-lift position of 116,000 barrels at the end of the period. Gross production from the Golfinho field averaged approximately 11,200 barrels of oil per day from the period 28 August to 30 September, amounting to a total production of 381.700 barrels in the period. There were no liftings in the quarter.

The first Golfinho lifting of about 500,000 barrels of oil Is expected to occur in November. Production cost (excluding royalties) averaged USD 48 per barrel for the period.