BW Offshore has exercised its right to acquire a further 25% interest in a Gabon oil field.
New joint venture company BW Energy is splashing out $12m to bring its total ownership in the Dussafu production sharing contract to 91.67%.
BW Energy is also providing a seller’s credit of up to $12.5m, while the total capital expenditure to reach first oil in 2018 is around $150m.
Gabon
