BW Energy drilling rig sinks off Gabon leaving five missing
Prospector 5 sank during preparation for drilling on the Dussafu licence. Operations are suspended while search and rescue efforts continue for the five missing crew members.
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Global maritime, energy, and infrastructure company
bw-group.comLast updated
In short: BW delivered strong results and advanced fleet renewal, battery storage, and a $20 billion investment plan.
Prospector 5 sank during preparation for drilling on the Dussafu licence. Operations are suspended while search and rescue efforts continue for the five missing crew members.
The company achieved a gross trading result of US$164 million despite market volatility and geopolitical uncertainty.
Dussafu and Golfinho production issues lower net output. Full-year guidance drops to ~23 kbopd due to equipment failures.
Two appraisal wells confirm reserves, fast-tracking a new well for Q1 2027 first oil and supporting long-term production growth.
At group level, BW LPG reported second-quarter profit attributable to shareholders of $120 million, or 79 cents a share.
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BW LPG Limited ("BW LPG", the "Company", OSE ticker code: "BWLPG.OL", NYSE ticker code: "BWLP"), the owner and operator of the world's largest fleet of...
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