15 December 2025
15 December 2025
This transaction will add oil-weighted production of 20,000boepd and 2P reserves of 35mboe/d.
By obtaining a 10% interest in Block 14 and 5% in Block 14K, BW Energy will enter Angola, in line with its long-term plans.
The current phase of the project covers the Liuhua 11-1 and Liuhua 4-1 oilfields, located at an average water depth of around 305m.
The company will implement a secondary oil recovery scheme (waterflood) in the Fouke area of the Pine Mills field using water injection.
This decision follows a series of regulatory and stakeholder approvals, including an agreement with the Northern Land Council.
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