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    BWE   BMG0702P1086

BW ENERGY LIMITED

(BWE)
  Report
Real-time Oslo Bors  -  10:28 2022-09-30 am EDT
21.62 NOK   +2.46%
09/20BW Energy to Discuss Kudu Gas at Invest in Namibia Forum at African Energy Week (AEW) 2022
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09/20BW Energy to Discuss Kudu Gas at Invest in Namibia Forum at African Energy Week (AEW) 2022 The African Energy Chamber is proud to announce that BW Energy will participate at African Energy Week 2022 as a cocktail sponsor for the Invest in Namibia side event
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09/09Bw Energy : Mandatory notifications of trade by primary insiders and close associates
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BW Energy Limited Signs Agreement to Acquire FPSO Cidade de Vitoria from Saipem

06/24/2022 | 05:00pm EDT

BW Energy has signed an agreement to acquire the FPSO Cidade de Vitoria from Saipem for a cash consideration of USD 73 million. The transaction is subject to fulfilment or waiver of conditions precedents with an expected closing and takeover of the FPSO in the first quarter of 2023. The transaction will accelerate BW Energy's build-up of a local operating organisation in Brazil and increase stakeholder engagement ahead of the Maromba development.

The FPSO Cidade de Vitoria is a flexible unit with 1.6 million barrels of storage capacity. The unit can produce more than 100k barrels per day of oil and has additional capacity for gas production and compression. It positions BW Energy to efficiently increase production from the Golfinho cluster with ample oil and gas handling capacity to accommodate the upside from planned future developments.

The FPSO acquisition will enable BW Energy to reduce the whole field OPEX. BW Energy will pay Saipem USD 73 million in fixed consideration for the FPSO of which USD 25 million is due at closing, USD 13 million due at FPSO takeover and USD 35 million paid in 18 monthly instalments following the takeover.


© S&P Capital IQ 2022
All news about BW ENERGY LIMITED
09/20BW Energy to Discuss Kudu Gas at Invest in Namibia Forum at African Energy Week (AEW) 2..
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09/20BW Energy to Discuss Kudu Gas at Invest in Namibia Forum at African Energy Week (AEW) 2..
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09/09Bw Energy : Mandatory notifications of trade by primary insiders and close associates
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09/09Bw Energy : Mandatory notifications of trade by primary insiders and close associates
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09/02Bw Energy : Notification of trade
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09/02Bw Energy : Notification of trade
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08/31BW ENERGY LTD - Shareholding Threshold Reached
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08/25Transcript : BW Energy Limited, Q2 2022 Earnings Call, Aug 25, 2022
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08/25BW Energy Limited Reports Earnings Results for the Half Year Ended June 30, 2022
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08/25Bw Energy : Second Quarter and First-Half 2022 Results
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More news
Financials (USD)
Sales 2021 256 M - -
Net income 2021 40,0 M - -
Net cash 2021 95,1 M - -
P/E ratio 2021 13,0x
Yield 2021 -
Capitalization 514 M 514 M -
EV / Sales 2021 1,63x
EV / Sales 2022 1,97x
Nbr of Employees 140
Free-Float 32,7%
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Technical analysis trends BW ENERGY LIMITED
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 1,99 $
Average target price 4,29 $
Spread / Average Target 116%
EPS Revisions
Managers and Directors
Carl Krogh Arnet Chief Executive Officer
Knut Ruhaven Sæthre Chief Financial Officer
Andreas Sohmen-Pao Chairman
Lin Garner Espey Chief Operating Officer
William Russell Scheirman Independent Director
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