BW Energy is pleased to announce that the Company has agreed a 25‑year extension of the Dussafu Marin production licence offshore Gabon. Following an agreement with the Ministry of Oil and Gas of the Gabonese Republic, the licence period has been extended from 2028 to 2053.

The extended licence provides long‑term visibility for production, investments, and reserve development at BW Energy’s core producing asset. It supports the continued execution of ongoing projects at Dussafu, including MaBoMo Phase 2 and the planned Bourdon development. The new timeline also strengthens the foundation for future infrastructure‑led growth opportunities across the adjacent Niosi and Guduma licences, both operated by BW Energy.

BW Energy operates the Dussafu Marin licence with a 73.5% working interest and Panoro Energy holds the remaining 17.5 percent interest.

Carl K. Arnet, CEO of BW Energy, said:
“The extension is an important milestone for BW Energy and reflects our strong partnership with the Gabonese authorities. It provides a robust long‑term framework for continued investment and production growth across the Dussafu area. We remain committed to responsible resource development and to contributing to sustainable economic activity and long‑term value creation in Gabon.”

Eric d’Argentre, Chief Operating Officer and President of Panoro, commented:
“We are excited to announce this material time extension of the Dussafu PSC which is a key catalyst towards realising the block’s full economic potential in the coming years by maximising the block’s production of 2P reserves and unlocking the vast resource potential. This very welcome news will allow us to confidently plan future phases of investment, including the Bourdon discovery which the joint-venture partners are maturing towards final investment decision and other as-yet undeveloped discoveries and prospects.

The organic development opportunities at Dussafu are significant, and we continue to be firmly focused on creating maximum value and growth for all stakeholders. We are on-track to commence the four-well MaBoMo Phase 2 development drilling programme mid-year which is expected to return gross production at Dussafu to nameplate capacity of around 40,000 bopd when all new wells are onstream. We have also identified two potential appraisal targets that could be drilled after the MaBoMo Phase 2 wells and offer additional fast-track / cost-effective production opportunities.

I would like to thank the Ministry of Petroleum and Gas, Government of Gabon and our joint venture partners on the collaborative effort in delivering this important extension which stabilises the long-term future of Dussafu allowing us to look forward to many more years of successful operations.” 

KeyFacts Energy: BW Energy Gabon country profile   l   Panoro Energy Gabon country profile