BW Energy Converts Lease for BW Maromba B to Long-term Deal with Minsheng Financial

02:17 AM EST, 12/15/2025 (MT Newswires) -- BW Energy (BWE.OL) said Monday it agreed to a long-term lease of the BW Maromba B jack-up rig with Minsheng Financial Leasing Co, converting a short-term deal signed in September. The new 10-year lease has a fixed daily rate of $120,500 and will take effect upon first oil at the Maromba development site in Brazil. It covers rig purchase and expenses needed to prepare the Super Gorilla-class rig for production. Currently, the rig is e…

BW Energy Signs Long-Term Lease for Maromba Wellhead Platform

(AWP Alliance News) - BW Energy Ltd. has announced the conversion of a short-term lease for the Super Gorilla class jack-up rig BW MAROMBA B into a long-term project lease agreement with Minsheng Financial Leasing Co. Ltd. (MSFL). The new agreement covers the rig purchase and all costs required to prepare the MAROMBA B wellhead platform for drilling and production, representing USD 274 million of the previously communicated Maromba CAPEX. The lease, which has a ten-year term …

BW Energy: Signs long-term lease for the Maromba drilling and wellhead platform

BW Energy announces that the short-term lease for the Super Gorilla class jack-up rig BW MAROMBA B signed in September 2025 has been successfully converted into a long-term project lease agreement with Minsheng Financial Leasing Co. Ltd. (MSFL). The new lease agreement covers the rig purchase and all costs required to bring the MAROMBA B wellhead platform to drilling and production readiness. This represents USD 274 million of the previously communicated Maromba CAPEX and pro…

Maurel &Prom, BW Energy Consortium to Acquire Stakes in Angola Oil Projects

04:18 AM EST, 12/12/2025 (MT Newswires) -- Etablissements Maurel &Prom S.A (MAU.PA) and BW Energy (BWE.OL) agreed to acquire Azule Energy Angola's stakes in two oil projects located offshore Angola. Through a consortium, the companies will purchase a combined 20% interest in Block 14 and a 10% stake in Block 14K, according to a Friday release. The deal includes a base consideration of $195 million, alongside potential contingent payments of up to $115 million. Subject to regu…

BW Energy Acquires Stakes in Angola's Block 14 and 14K for USD 97.5 Million

(AWP Alliance News) - BW Energy, in consortium with Maurel & Prom, has signed an agreement to acquire a combined 20% non-operated interest in Block 14 and 10% in Block 14K offshore Angola from Azule Energy. BW Energy's net share will be 10% in Block 14 and 5% in Block 14K, with the assets operated by Chevron. The acquisition provides BW Energy with a strategic foothold in Angola, supporting its West Africa growth strategy and diversifying its resource base. The transaction ca…

BW Energy Acquires Stakes in Angola Offshore Blocks

(AWP Alliance News) - BW Energy Ltd. has announced a strategic expansion into Angola by acquiring a 10% non-operated interest in Block 14 and a 5% interest in Block 14K offshore, as part of a consortium agreement with Maurel & Prom. This move provides BW Energy with a significant foothold in Angola, aligning with its long-term West Africa growth strategy and diversifying its resource base. The licences, which run until 2038, currently produce approximately 40,000 barrels of o…

BW Energy and Maurel & Prom Form Consortium to Acquire Stakes in Angola Offshore Blocks

(AWP Alliance News) - BW Energy Ltd. has entered into a consortium with Maurel & Prom to acquire a combined 20% non-operated interest in Block 14 and 10% in Block 14K offshore Angola from Azule Energy. Within this transaction, BW Energy's net share will be 10% in Block 14 and 5% in Block 14K. This strategic partnership provides BW Energy with a significant foothold in Angola as part of its long-term regional growth strategy. The acquisition is subject to regulatory approvals …

BW Energy: Strategic entry offshore Angola through acquisition of 10% in Block 14 and 5% in Block 14k

BW Energy has in a consortium with Maurel & Prom signed an agreement to acquire a combined 20% non-operated interest in Block 14 and 10% in Block 14K offshore Angola from Azule Energy. Within this transaction, BW Energy’s net share will be 10% in Block 14 and 5% in Block 14K, providing a strategic foothold in Angola aligned with the Company’s long-term regional growth strategy. “The entry to Angola is a key step in BW Energy’s West Africa growth strategy and provides further …

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