BW Energy

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BW Energy: Company presentation Fearnley Securities Africa Focused E&P seminar

Company presentation Fearnley Securities Africa Focused E&P seminar

BW Energy is today presenting at the Fearnley Securities Africa Focused E&P
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seminar in Madrid, Spain. Please see the attached presentation.

For further information, please contact:

Brice Morlot, CFO BW Energy
+33.7.81.11.41.16
ir@bwenergy.no (mailto:ir@bwenergy.no)

ABOUT BW ENERGY:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and
resources were 599 million barrels of oil equivalent at the start of 2025.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act?

Kilde

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BW Energy: Update on Fixed Income Investor Meetings

Update on Fixed Income Investor Meetings

Reference is made to the stock exchange release dated 6 June 2025, regarding
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fixed income investor meetings. Following engagement with potential investors,
BW Energy has decided to not proceed with the issue of a USD 300 million
denominated senior unsecured bond. The indicative terms offered under the
current market conditions were unfavourable compared to the other funding
sources available to the Company.

For further information, please contact:
Brice Morlot, CFO BW Energy
+33.7.81.11.41.16
ir@bwenergy.no

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and
resources were 599 million barrels of oil equivalent at the start of 2025.

This information is considered inside information pursuant to the EU Market
Abuse Regulation and is subject to the disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act. This stock exchange release
was published by Regine Andersen, 20 June 2025.

Kilde

[TekBot]

Financial calendar

Financial calendar for BW Energy Limited

FINANCIAL YEAR 2025
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01.08.2025 - Half-yearly Report

23.10.2025 - Quarterly Report - Q3

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

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BW Energy: Second quarter 2025 operational update

Second quarter 2025 operational update

BW Energy will publish its financial results for the second quarter and first
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half of 2025 on 1 August 2025. Today, the company provides preliminary
operational figures.

Net production attributable to BW Energy was 2.9 million barrels of oil (mmbbls)
in the second quarter 2025, equivalent to 32.3 thousand barrels of oil per day
(kbopd), from the Dussafu license in Gabon (73.5% working interest) and the
Golfinho field in Brazil (100% working interest).

                                           Q2 2025   Q1 2025   Q2 2024

Production (mmbbls) 2.9 3.2 2.1

Dussafu 2.4 2.6 1.4

Golfinho 0.5 0.7 0.7

Production (kbopd) 32.3 36.0 23.6

Dussafu 26.6 28.7 15.6

Golfinho 5.7 7.3 8.0

Net volume sold (mmbbls) 2.8 3.7 1.9

Dussafu(1) 2.3 3.2 0.9

Golfinho 0.5 0.5 1

(1)incl. Domestic market obligations (DMO) 0.07 0.07 0.03

(1)incl. State profit oil 0.30 0.32 0.17

Quarter-end stock inventory (mmbbls) 0.5 0.2

Dussafu -0.2 -0.4

Golfinho 0.7 0.6

Average realised price (USD) 66.7 74.8 83.8

Dussafu 66.2 74.8 81.1

Golfinho 69.1 75.0 86.4

Operational costs(2 )(USD per barrel) 20.4 16.5 28.5

Dussafu 14.3 9.9 19.8

Golfinho 49.0 42.2 45.4

2. Operating costs exclude Royalties, Tariffs, Workovers, Domestic Market
   Obligation purchases, Production Sharing costs in Gabon, and incorporates the
   impact of IFRS 16 adjustments.

Reporting

BW Energy will publish its financial results for the second quarter and first
half of 2025 on 1 August at 07:00 CEST. Management will host a webcast
presentation later the same day at 14:00 CEST, followed by a live Q&A session.
The webcast will be available at www.bwenergy.no (http://www.bwenergy.no).

For further information, please contact:

Martin Seland Simensen, VP Investor Relations BW Energy

+47 416 92 087, martin.simensen@bwenergy.no (mailto:martin.simensen@bwenergy.no)

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and
resources were 599 million barrels of oil equivalent at the start of 2025.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

BW Energy: Invitation to Q2 2025 and half-year results presentation 01 August

Invitation to Q2 2025 and half-year results presentation 01 August

BW Energy will release its second quarter and half-year 2025 results on Friday,
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01 August at 07:00 CEST.

A conference call followed by Q&A will be hosted by CEO Carl K. Arnet and CFO
Brice Morlot the same day at 14:00 CEST.

You can follow the presentation via webcast:

Viewer Registration • Q2 2025
(https://eur06.safelinks.protection.outlook.com/?url=https%3A%2F%2Fevents.webcas
t.no%2Fviewer-
registration%2FqQC1bQEB%2Fregister&data=05%7C02%7Cregine.andersen%40bwenergy.no%
7C8ee2eba3df9c418fdb0508ddc45916c4%7Cd4418622493e4366b57d9da2185bff28%7C0%7C0%7C
638882609131138623%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuM
DAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=4Mdpd
FlCz%2FuHEtHWqOntma%2BC9DjZAk6pthaWSzkEu%2Bc%3D&reserved=0)

Call-in information

Participants dial in numbers:

DK: +45 7876 8490
SE: +46 8 1241 0952
NO: +47 2195 6342
UK: +44 203 769 6819
US: +1 646-787-0157
Singapore: 65-3-1591097
France: 33-1-81221259

Conference code: 980877

For further information, please contact:

Martin Seland Simensen, VP Investor Relations BW Energy

+47 416 92 087, martin.simensen@bwenergy.no
(https://www.globenewswire.com/Tracker?data=NoCRRy6-
ZCAl_IoSqqhHb0mCVWq8conk0DBEjB_ef-
dlJeWmaI83H8KYmcZwh0u3j20Y9IvnV89zyVJl5XptxaEBxpqX4qMhyoezA9OfgRldCky2uIeYQHNYkc
uoJmuB)

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and
resources were 599 million barrels of oil equivalent at the start of 2025.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

[TekBot]

BW Energy contracts Deepsea Mira for drilling Kudu appraisal well

BW Energy contracts Deepsea Mira for drilling Kudu appraisal well

BW Energy, together with NAMCOR E&P, is pleased to announce that it has
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contracted the Deepsea Mira semi-submersible rig for the drilling of the Kharas
appraisal well on the Kudu licence (PPL003) offshore Namibia in the Orange
Basin, scheduled for the second half of 2025.

The agreement is part of a rig-sharing arrangement previously announced by the
rig’s operator, Northern Ocean Ltd., with Rhino Resources Ltd. The contract,
entered into by BW Kudu Ltd., provides access to an in-country rig and an
experienced services team with a strong track record in the Orange Basin,
supported by a high level of local content.

BW Energy is the operator of the Kudu production licence (PPL003) with a 95%
working interest. NAMCOR E&P, a subsidiary of the national oil company of
Namibia, holds the remaining 5% carried interest.

For further information, please contact:

Martin Seland Simensen, VP Investor Relations BW Energy

+47 416 92 087, martin.simensen@bwenergy.no

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and
resources were 599 million barrels of oil equivalent at the start of 2025.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

[TekBot]

BW Energy: Second quarter and first half 2025 results

BW Energy delivered strong operational performance in the first half of 2025,
driven by high production uptime, competitive cost levels, and a solid safety
record with zero lost time incidents. The Company’s project portfolio continues
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to advance, with final investment decisions taken on both the Maromba
development and the Golfinho Boost project. In addition, a substantial oil
discovery was made at the Bourdon prospect in the Dussafu area, further
expanding BW Energy’s resource base. Backed by strong cash generation and a
resilient financial structure, BW Energy is well placed to drive growth and
create long-term shareholder value.

HIGHLIGHTS

Strong operational performance

• H1 2025 net production of 6.2 (4.6) million barrels, equal to 34.2 (25.4)
  kbopd

• Operating cost1 of USD 18.3 (26.2) per barrel and zero lost time incidents

• Assumed operatorship of the BW Adolo FPSO

Successfully developing and increasing the resource base

• Final investment decision made on Maromba and Golfinho Boost projects

• Substantial oil discovery of 25 mmbbls in the Bourdon prospect

Robust financial results

• H1 2025 EBITDA of USD 281.1 (185.8) million and net profit of USD 109.7
  (61.9) million

• Q2 2025 EBITDA of USD 99.0 million and net profit of USD 26.7 million

• Operating cash flow of USD 162.0 (85.1) million

• Cash position of USD 192.9 (244.2) million at 30 June

• New and upsized RBL facility up to USD 500 million

2025 guidance unchanged

• Production: 11-12 mmbbls (30-32 kbopd)

• Operating cost1: USD 18-22 per barrel

• CAPEX: USD 650-700 million

• G&A: USD 19-22 million

(Numbers in parenthesis refer to H1 2024)

1. Operating costs exclude royalties, tariffs, workovers, crude oil purchases
   for domestic market obligations, production sharing costs in Gabon, and
   incorporates the impact of IFRS 16 adjustments

Comment from the CEO of BW Energy, Carl Arnet:

"BW Energy delivered a strong first half of 2025, with production above the
upper end of our guidance range and operating costs at significantly more
competitive levels than in 2024. This reflects continued focus on safe,
efficient operations and disciplined cost management across the portfolio.

During the period, we moved key development projects into execution, marking an
important step forward in our growth strategy. The Maromba development in Brazil
is now underway and will be transformative for BW Energy, increasing production
to more than 90,000 barrels per day in 2028.

Furthermore, we strengthened our portfolio, confirming new resources at the
Bourdon prospect in the Dussafu licence. These are highly profitable barrels
that highlight our strategy of leveraging existing infrastructure and pursuing
fast?track developments to accelerate value creation.

Our financial foundation remains robust, with low leverage and strong underlying
cash generation. This gives us the resilience to navigate market volatility
while continuing to deliver growth and long?term value for our shareholders."

Please find attached the report for the first half of 2025 and the second
quarter presentation.

The report, presentation, excel data book and webcast will be available on:

www.bwenergy.no/investors/reports-and-presentations
(Reports and Presentations | BWEnergy)

CONFERENCE CALL/WEBCAST?

BW Energy will today hold a conference call followed by a Q&A hosted by CEO Carl
K. Arnet and CFO Brice Morlot at 14:00 CEST.?

The presentation may also be followed via webcast on:

Viewer Registration • Q2 2025

Please note, that if you follow the webcast via the above URL, you will
experience a 30 second delay compared to the main conference call. The web page
works best in an updated browser - Chrome is recommended.

Conference call information:

To dial in to the conference call where the second quarter results and Q&A will
be hosted, please dial in to one of the following numbers:

Participants dial in numbers:

DK: +45 7876 8490
SE: +46 8 1241 0952
NO: +47 2195 6342
UK: +44 203 769 6819
US: +1 646-787-0157
Singapore: 65-3-1591097
France: 33-1-81221259

Conference code:?980877

For further information, please contact:

Martin Seland Simensen, VP Investor Relations

+47 416 92 087

Martin.simensen@bwenergy.no (mailto:Martin.simensen@bwenergy.no)

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 7% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and
resources were 599 million barrels of oil equivalent at the start of 2025.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

BW Energy strengthens liquidity with USD 250 million Revolving Credit Facility

BW Energy has signed a USD 250 million Corporate Revolving Credit Facility with
DNB Bank.

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The facility provides enhanced financial flexibility to support ongoing field
development activities and general corporate purposes. The financing is backed
by BW Group, reflecting continued confidence in BW Energy’s strategy.

The facility has a tenor of 18 months with a bullet maturity and includes an
option to extend by a further 18 months, subject to mutual agreement. The
interest rate is Term SOFR plus 6% per annum on drawn amounts, with a commitment
fee of 0.6% per annum on undrawn amounts.

“This facility enhances our liquidity and provides cost-effective access to
capital, allowing us to maintain financial flexibility as we advance our growth
projects”, said Brice Morlot, Chief Financial Officer of BW Energy.

For further information, please contact:

Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 7% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and
resources were 599 million barrels of oil equivalent at the start of 2025.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

BW Energy: Long-Term Incentive Program - new awards

Long-Term Incentive Program - new awards

18 August 2025
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The Board of Directors of BW Energy Limited (“BWE” or the “Company”) approved
the award of share options under a Long-Term Incentive Program (LTIP) to align
the interests of the participating employees with those of the Company’s
shareholders. The LTIP is discretionary, and participants are invited on an
annual basis.

The total number of shares awarded under the LTIP for 2025 is 1,120,000,
allocated to options that will give the holder the right to acquire one BW
Energy share per option. A total of nine BW Energy employees have been invited
to participate in the program.

The strike price of the options is calculated based on the volume-weighted
average share price five trading days prior to grant date, plus a premium of
15.75% (corresponding to a 5% increase annually over three years). The strike
price for the options awarded on 15 August 2025 is NOK 41.56.

The options will have a vesting period of three years, followed by a three-year
exercise period. Exercise windows will be set by the Company. The options will
expire six years after the award date.

The options are non-tradable and conditional upon the option holder being
employed by the Company and not having resigned or being terminated for cause
prior to the vesting date.

Following the new awards, the Company will have a total of 6,696,013 outstanding
options.

The following primary insiders of the Company have been awarded options under
the LTIP for 2025:

1. Chief Executive Officer, Carl K. Arnet has been awarded 500,000 options

Following the award Carl K. Arnet has a total number of 3,300,000 options.

2. Chief Financial Officer, Brice Morlot has been awarded 125,000 options.

Following the award Brice Morlot has a total number of 125,000 options.

3. Chief Commercial Officer, Thomas Kolanski has been awarded 125,000 options.

Following the award Thomas Kolanski has a total number of 721,500 options

4. Chief Strategy Officer, Thomas M. Young has been awarded 125,000 options.

Following the award Thomas M. Young has a total number of 721,500 options.

5. Chief Technology Officer, Jerome Bertheau has been awarded 125,000 options.

Following the award Jerome Bertheau has a total number of 125,000 options.

For further information, please contact:

Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 7% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and
resources were 599 million barrels of oil equivalent at the start of 2025.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

BW Energy: Completes Maromba FPSO financing and signs short-term lease for the development rig

BW Energy: Completes Maromba FPSO financing and signs short-term lease for the
development rig

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BW Energy is pleased to announce the completion of a USD 365 million project
finance facility, backed by China Export & Credit Insurance Corporation
(“Sinosure”), to fund the refurbishment and redeployment of the Maromba Floating
Production Storage Offloading vessel (“FPSO”) to the Maromba field offshore
Brazil. Separately, the Company finalised a short-term lease with Minsheng
Financial Leasing Co., Ltd (“MSFL”) for the acquisition of the Maromba
development rig.

The project finance facility was significantly oversubscribed and will cover
approximately 80% of the total FPSO project cost and is provided by a syndicate
comprising The Export-Import Bank of China (“CEXIM”), Abu Dhabi Commercial Bank
PJSC (“ADCB”), Arab Banking Corporation B.S.C. (“Bank ABC”), National Bank of
Fujairah (“NBF”), and Commercial Bank of Dubai (“CBD”). CEXIM, ADCB and Bank ABC
acted as Mandated Lead Arrangers, and ADCB and Bank ABC acted as Structuring and
Advisory and Documentation Banks. Bank ABC is also acting as Technical Advisory
Bank.

The facility has an interest rate of SOFR plus a margin of 2.8%, and is
structured as a project finance loan with progressive drawdowns during the
construction period followed by a 6.5-year amortisation period after project
completion. A commitment fee of 40% of the margin applies to undrawn amounts
until completion.

“The closing of this financing marks an important milestone in the Maromba
development, demonstrating our ability to secure competitive long-term funding
and build strong relationships with a diversified group of new lenders from
Middle East and Asia. Furthermore, it reflects our strategy of reusing existing
production infrastructure, which not only reduces overall development costs and
environmental footprint but also enables access to cost-effective ECA-based
financing.” said Brice Morlot, CFO of BW Energy.

The short-term lease with MSFL covers the purchase price of USD 107.5 million
for the Super Gorilla class jack-up rig BW MAROMBA B. It allows BW Energy to
begin preparations for the Maromba field development while working with MSFL to
finalise the long-term funding. The current lease is structured as a bareboat
charter with interest-only payments and will be replaced by a long-term charter
once completed.

For further information, please contact:
Martin Seland Simensen, VP Investor Relations

ir@bwenergy.no

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 7% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and
resources were 599 million barrels of oil equivalent at the start of 2025.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

[TekBot]

BW Energy: Company Presentation Pareto Securities’ Energy Conference 2025

BW Energy is presenting at the Pareto Securities’ Energy Conference today at
12.10 CEST.

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Please see the attached presentation.

For further information, please contact:
Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 7% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and
resources were 599 million barrels of oil equivalent at the start of 2025.

Kilde