BW Energy Gabon Pte. Ltd (BWEG), a subsidiary of BW Offshore, has completed the acquisition of 25% working interest in the Dussafu production sharing contract from Pan-Petroleum Gabon B.V. (PPGBV), a wholly owned subsidiary of Panoro Energy ASA. Closing is in line with the terms and conditions previously communicated in the stock exchange release made on 22 February 2017.

BWEG is owned by BW Energy Holdings Pte. Ltd. (BWEH), a joint venture company between BW Offshore (66.67%) and Maple Company Limited (33.33%), a wholly owned subsidiary of BW Group Limited, for the purpose of pursuing oil and gas interests.

Following the abovementioned closing, BWEG holds a 91.667% working interest in the Dussafu production sharing contract, while Panoro Energy ASA holds the remaining 8.33%.

BWEG is in discussions with the Gabon Oil Company (GOC) for their participation.

Tags: BW Energy Gabon Pte. Ltd (BWEG), BW Offshore, Pan-Petroleum Gabon B.V. (PPGBV)