BW Energy

[TekBot]

BW Energy: Second Quarter and First-Half 2021 Results

SECOND QUARTER AND FIRST-HALF 2021 RESULTS

HIGHLIGHTS SECOND QUARTER
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• Safeguarding people, operations and assets amid continued COVID-19 pandemic
• EBITDA of USD 46.9 million for the second quarter and USD 80.2 million for
  the first-half 2021
• Strong balance sheet with cash position of USD 216.5 million and no debt
• Drilled and completed DTM-7H on time and below budget, with first oil
  expected from DTM-6H and DTM-7H in Q4 2021
• Drilling operations on Hibiscus North exploration well ongoing
• On track for the Hibiscus-Ruche development including the jack-up rig re-
  purposing
• Q2 2021 gross production of 0.95 million barrels, or equal to ~10,500
  bbls/day

EBITDA for the second quarter of 2021 was USD 46.9 million, up from USD 33.2
million in the first quarter of 2021 due to increased oil sales and realised oil
price.

“We are pleased with our performance and result in the quarter. The next
milestones for BW Energy are the tie-in of two production wells at the Tortue
field in the fourth quarter, as well as the result of the Hibiscus North
exploration well”, commented CEO Carl K. Arnet.

Gross production from the Tortue field averaged approximately 10,500 barrels of
oil per day in the second quarter of 2021, amounting to a total gross production
of 0.95 million barrels of oil for the period. The decrease in production
compared to the first quarter of 2021 was mainly due to a planned maintenance
shutdown.

BW Energy completed two liftings in the quarter and realised an average price of
USD 69.8 per barrel. Production cost (excluding royalties) was approximately USD
31 per barrel. The increase in production cost per barrel has mainly been
impacted by the lower quarterly production.

The Hibiscus North exploration well (DHBNM-1) was spudded late July and drilling
operations are currently ongoing. The well has a geological analogue to the
Ruche Field, where the Gamba structure is the primary target.

Total Dussafu production for 2020 is projected to be ~12,800 barrels per day
(gross), compared to 14,100 barrels per day on average in 2020. OPEX per barrel
is expected to be approximately USD 26 per barrel, compared to USD 20 per barrel
on average for 2020. Tie-in of the two wells (DTM-6H and 7H) to BW Adolo in Q4
2021 will give a significant reduction in the OPEX per barrel.

BW Energy had a cash balance of USD 216 million at 30 June 2021, compared to USD
185 million at 31 March 2021. The increase is mainly due to a strong operating
cash flow reflecting a higher realised oil price. The company is well
capitalised for the upcoming investment activities with a robust balance sheet
and no external debt.

BW Energy will today hold a conference call followed by a Q&A hosted by CEO Carl
K. Arnet, CFO Knut R. Sæthre and COO Lin G. Espey at 14:00 CEST.

Dial-in details:

Norway: +47 2396 3688
France: +33 170 750 736
Singapore: +65 6408 5768
UK: +44 3333 009 262
US: +1 6467 224 903

The presentation may also be followed via webcast on:
https://streams.eventcdn.net/bwe/q2-2021/

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.

For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves were 242 million barrels at the start of 2021.

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

Kilde

[TekBot]

BW Energy: Oil discovery at Hibiscus North in the Dussafu licence offshore Gabon

BW Energy makes oil discovery at Hibiscus North in the Dussafu licence offshore
Gabon

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BW Energy Limited is pleased to announce an oil discovery in the Hibiscus North
exploration well (DHBNM-1) in the Dussafu Block offshore Gabon. The well is
located approximately 6 km north-northeast of the Hibiscus discovery well DHIBM-
1 in approximately 115 metres of water depth. The well will be drilled to a
planned total depth of approximately 3500m.

It is expected that the discovery will add to the previously announced gross
discovered recoverable resource estimate for the block, which is currently
estimated to be approximately 105 million barrels gross. The Company announced
the spudding of the well on 28 July 2021.

During the drilling operations at Hibiscus North, the Gamba was encountered at a
depth of 2794m meters and encountered approximately 13.5m of oil-bearing
reservoir in the Upper Gamba sandstone. Determination of the overall hydrocarbon
column is pending open hole wireline logging operations which will be conducted
after drilling the well to the planned total depth.

The Borr Norve Jack-up is continuing drilling operations to intersect the
secondary targets for the exploration well in the deeper Dentale Formation.

After reaching total depth, logging operations and evaluation of the oil
discovery will be undertaken , which will be followed by the drilling of a side-
track to delineate the field.

The Dussafu Block is 850 square km. BW Energy is operator and holds 73.5%
interest in the Block. Panoro Energy holds 17.5% interest and the Gabonese Oil
Company holds 9%.

For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves were 242 million barrels at the start of 2021.

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

Kilde

[Bigblu]

Er Investech anbefaling det verste bear signalet?

[TekBot]

BW Energy: Result from Hibiscus North

Result from Hibiscus North

Reference is made to the stock exchange notice by BW Energy Limited on 24 August
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2021 announcing an oil discovery at Hibiscus North in the Dussafu block offshore
Gabon.

BW Energy has now concluded the drilling and the logging of the exploration
well, Hibiscus North (DHBNM-1). The well is located in a separate structure,
approximately 6 km north-northeast of the Hibiscus discovery in 115 metres of
water depth. The well was drilled to a total depth of 3336 metres. During the
drilling operations at Hibiscus North, oil-bearing reservoir was encountered in
the Upper Gamba sandstone and in the deeper Dentale formation. Wireline logging
operations and fluid samplings showed lower volumes of hydrocarbons than
expected. Pending further analysis, the preliminary results indicate that the
field could be incorporated into future development planning with a possible tie
back to the Hibiscus Ruche development but with reserves below the lower end of
the pre-drill resource estimate of potential 10 to 40 million barrels of oil.

The existing Hibiscus 2P gross recoverable reserves of 46.1 million barrels
established by the Hibiscus well (DHIBM-1) and its appraisal sidetrack, drilled
in 2019, remain unaffected and will form the core of the upcoming Hibiscus/Ruche
development project. Planning for this next phase remains on track.

The Borr Norve Jack-up is now continuing to finalise drilling operations and the
well will then be plugged and abandoned.

The Dussafu Block is 850 square km. BW Energy is operator and holds 73.5%
interest in the Block. Panoro Energy holds 17.5% interest and the Gabonese Oil
Company holds 9%.

For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves were 242 million barrels at the start of 2021.

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

Kilde

[Bigblu]

Det var da som f… da

[TekBot]

BW Energy: Mandatory notification of trade

Mandatory notification of trade

Carl K. Arnet, CEO of BW Energy Limited (“BWE”), yesterday purchased 500,000
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shares in BWE at an average price of NOK 23.80 per share. Following this
transaction, Carl K. Arnet holds 3,149,582 shares in BW Energy Limited.

For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves were 242 million barrels at the start of 2021.

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

Kilde

[Bigblu]

Mener å huske at de meldte første olje fra de to nye brønnene, tidlig Q4? Kan vi forvente melding i løpet av den neste måneden tro, og hva vil dette i så fall utgjøre for kursen? Lov å håpe at den klatrer over 30 igjen kanskje…

Tydelig at Arnet har tro på at det er en god investering i alle fall. 1 mill aksjer siste uka👍

[TekBot]

BW Energy: Speculation related to the acquisition of Golfinho

Speculation related to the acquisition of Golfinho

BW Energy notes the press speculation regarding the possibility of the Group
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making an acquisition for the Golfinho field in Brazil, which Petrobras has in
their divestment program.

BW Energy is continuously looking at opportunities to acquire assets in line
with the Group’s stated strategy. There is no guarantee that the Group will
complete any such process.

Specifically, the Group has made no formal decision to acquire any of the assets
currently being marketed by Petrobras.

For further information, please contact:

Knut R. Sæthre, CFO, +47 911 17 876

ir@bwenergy.no (mailto:IR@bwoffshore.com) or www.bwenergy.no
(http://www.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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves were 242 million barrels at the start of 2021.

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

Kilde

[TekBot]

BW Energy: Mandatory notification of trade

Mandatory notification of trade

Carl K. Arnet, CEO of BW Energy Limited (“BWE”), yesterday purchased 500 000
…

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shares in BWE at an average price of NOK 27.52 per share. Following this
transaction, Carl K. Arnet holds 3,649,582 shares in BW Energy Limited.

For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves were 242 million barrels at the start of 2021.

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

Kilde

[pleximus83]

Er dette større enn Troll feltet vi har her i norge?

" Located about 130km offshore the southern parts of Namibia, the Kudu gas field was discovered in 1974. It is estimated to hold 1.3 TCF of gas (P 50)…"

BW Energy to acquire additional stake in Kudu License offshore Namibia

Jeg fant en konverterings nettside for å se hva størrelse det er snakk om…

https://www.convertunits.com/from/trillion+cubic+feet/to/million+cubic+metre

Klippet fra “norskpetrolium.no” (Troll A gassfelt/pluss litt olje)

[Bigblu]

Hadde passet perfekt med melding om første olje fra de nye brønnene nå, i det positive momentet som er om dagen. Vente, vente…

[Kaisovski]

Hadde vært fint å få sikret en lift over $80 fatet også. Kommer godt med. Lurer på hvordan markedet reagerer på Q3 uten inntekter😂

[TekBot]

BW Energy: Provisional Exploration License Award Offshore Gabon

Provisional Exploration License Award Offshore Gabon

BW Energy is pleased to announce that it has been provisionally awarded
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operatorship of two blocks in the 12th Offshore Licensing Round in Gabon. The
award by the Direction Generale des Hydrocarbures (DGH) in Gabon is subject to
finalising the production sharing contracts (PSC) with the DGH.

The two blocks, G12-13 and H12-13, are adjacent to BW Energy`s Dussafu licence
offshore Southern Gabon. The blocks cover an area of 2,989 km(2) and 1,929
km(2), respectively (see map in attached file).

The blocks will be held by a consortium composed of BW Energy as operator
(37.5%) with VAALCO Energy (37.5%) and Panoro Energy (25%) as non-operating
joint venture partners. The PSCs will have an exploration period totalling eight
years which may be extended by a further two years. The partners have committed
to drilling exploration wells on the blocks during the exploration period and
intend to carry out a 3D seismic acquisition campaign on both blocks.

The consortium is uniquely positioned with BW Energy and Panoro Energy as joint
venture partners in the Dussafu PSC and with VAALCO Energy as the operator of
the adjacent Etame PSC. The consortium members have over the past 15 years
undertaken successful exploration, development and production projects on both
the Dussafu and Etame, where in total, approximately 250 million barrels have
been discovered to date and multiple fields put into production.

BW Energy, VAALCO Energy and Panoro Energy intend to collaborate on implementing
safe, efficient and cost-effective operations and leverage the subsurface and
production learnings from Etame and Dussafu to deliver competitive solutions for
the exploration, development, and monetisation of Gabon’s oil and gas resources.

Carl K. Arnet, CEO of BW Energy, commented:

“These blocks are situated in core areas for BW Energy, most within tie-back
distance of existing infrastructure with the potential for rapid value creation
from future discoveries. As we prepare for additional production coming online
from our Hibiscus/Ruche project in 2022, these licence awards, combined with our
ongoing development projects, further demonstrate BW Energy`s commitment to
Gabon and to our ambitions of growing both production and cash flow.”

For further information, please contact:
Knut R. Sæthre, CFO, +47 911 17 876

ir@bwenergy.no or www.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
main assets are 73.5% of the producing Dussafu Marine Permit offshore Gabon and
a 95% interest in the Maromba field in Brazil, both operated by the Company.
Total net 2P+2C reserves were 243 million barrels at the start of 2021.

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

Kilde

[TekBot]

BW Energy: Start of production from Tortue Phase 2 and Q3 2021 trading update

Start of production from Tortue Phase 2 and Q3 2021 trading update

BW Energy today provides an update on the operations and development of the
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Dussafu Marin license in Gabon. As part of the Tortue Phase 2 field development,
hook-up of the final two production wells DTM-6H and DTM-7H has been completed
and handover to production operations made. The Company is pleased to announce
that the Gamba well DTM-7H was successfully brought online as of 19 October. The
second well, DTM-6H in the Dentale formation, is scheduled to come onstream in
the coming days. Current production prior to the two new production wells is
around 11,500 barrels of oil per day.

The Tortue development consists of six production wells, tied back to the FPSO
BW Adolo, Completion of the DTM-6H and DTM-7H wells were suspended last year due
to the COVID-19 pandemic. This concludes the Tortue Phase 2 project with zero
Health, Safety, Security & Environment (HSSE) incidents.

“The Tortue Phase 2 development was completed below budget and within the
revised timeframe. We look forward to the production growth following first oil
from the two wells. Operationally we will now focus on stabilisation of the
production and wrapping up the project activities”, said Carl K. Arnet, the CEO
of BW Energy.

Gross production from the Tortue field averaged approximately 9,000 barrels of
oil per day in the third quarter of 2021, amounting to a total gross production
of 0.8 million barrels of oil for the period. The decrease in production
compared to the second quarter of 2021 was mainly due to plant shutdowns and
temporary operational issues. The previously communicated shortage of gas
lifting capacity also impacted production. A nitrogen generation unit has been
installed on BW Adolo which has significantly improved production efficiency.

As previously guided, there were no BW Energy liftings in the quarter.
Production cost (excluding royalties) was approximately USD 36 per barrel.
While the absolute production cost remained stable, the unit cost expressed
reflects the lower production rate realised in the third quarter. The overall
production cost includes approximately USD 1.5 million of costs related to the
continued handling of the COVID-19 pandemic through the period. Third quarter
revenue is expected to reflect approximately 195,000 barrels of quarterly
Domestic Market Obligation (DMO) deliveries with an under-
lift position of around 203,000 barrels at the end of the period.

BW Energy had a cash balance of USD 170 million at 30 September 2021, compared
to USD 216 million at 30 June 2021. The decrease is mainly due to investment
activities related to Tortue Phase 2, progress on the Hibiscus/Ruche project, as
well as completing the exploration drilling campaign in Dussafu.

BW Energy has scheduled a webcast for 23 November 2021 where the company will
provide a comprehensive presentation of operations and ongoing development
projects.

For further information, please contact:

Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
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
main assets are 73.5% of the producing Dussafu Marine Permit offshore Gabon and
a 95% interest in the Maromba field in Brazil, both operated by the Company.
Total net 2P+2C reserves were 242 million barrels at the start of 2021.

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

Kilde

[TekBot]

BW Energy: Signed agreement for the acquisition of semi-submersible drilling rig for the Kudu development

Signed agreement for the acquisition of semi-submersible drilling rig for the
Kudu development

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BW Energy is progressing a revised development plan for the Kudu gas field
offshore Namibia. The new development plan for the gas to power project will use
a repurposed semisubmersible drilling rig as a Floating Production Unit.

The Company has signed an agreement to acquire the semisubmersible drilling rig
“Leo”, from Aquadrill LLC for a total consideration of USD 14 million.
Repurposing will enable an optimisation of the project timeline and
significantly reduce capital investments compared to previous development
concepts.

“The revised development concept offers tangible financial, schedule and
environmental benefits. The re-use of existing facilities also supports a
substantial reduction in field development related greenhouse gas emissions
compared to a new-build,” said Carl Krogh Arnet, the CEO of BW Energy. “We have
consequently decided to take advantage of the availability this high-quality
semi at an attractive price. The replacement of imported power with domestic
power produced with natural gas will reduce Namibia`s carbon footprint and
ensure power stability for the future.”

The revised integrated development plan aims to supply competitive power to a
growing African market with significant upside potential. A development of the
Kudu field is an attractive opportunity for BW Energy to engage in the
electricity market and potentially fully or partially assume a position as an
Independent Power Producer (IPP) through strategic partnering.

“We consider the electrification of the African economies as a significant long-
term growth opportunity for BW Energy and a potential avenue for us to develop a
new strategic position closer to the end customers of energy,” said Carl Krogh
Arnet.

The timing of the final project sanctioning is subject to realising a project
financing solution for the Kudu gas to power project.

For further information, please contact:

Knut R. Sæthre, CFO, +47 911 17 876

ir@bwenergy.no or www.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
main assets are 73.5% of the producing Dussafu Marine Permit offshore Gabon and
a 95% interest in the Maromba field in Brazil, both operated by the Company.
Total net 2P+2C reserves were 243 million barrels at the start of 2021.

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

Kilde

[pleximus83]

hehe,BW Energy plukker restene fra Aquadrill LLC og kjøper en “semi”-nedsenkbar rigg til 135,7 millioner kroner.

"Aquadrill LLC emerged from Chapter 11 restructuring on May 24, 2021. Chapter 11 is the section of the United States bankruptcy code that covers court supervised restructurings of businesses.

“LEO”

Fakta:
-ferdigbygget i 2012
-vanndybde : 10 000 fot
-borekapasitet: 30 000 fot

[TekBot]

BW Energy: Mandatory notification of trades and disclosure of changes in significant shareholding

Mandatory notification of trades and disclosure of changes in significant
shareholding

…

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Reference is made to the stock exchange notices published on 28 October 2021
regarding the completion of a block sale of existing shares in BW Energy Limited
(the “Company”) by BW Offshore Limited (the “Seller”).

Please see attached forms for further details relating to the Seller’s sale of
20 000 000 shares in the Company, BW Group Limited’s purchase of 5 961 142
shares and Carl K Arnet’s purchase of 71 428 shares in the Company as part of
the transaction. By the sale, the Seller reduced its shareholding from 35.2% to
27.46% and did thereby fall below the disclosable threshold of 33.33%.

For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves were 242 million barrels at the start of 2021.

This information is subject disclosure requirements pursuant to sections 4-2 and
5-12 of the Norwegian Securities Trading Act.

Kilde

[pleximus83]

fra Pareto Securities

[pleximus83]

kjekt å se aktivitet hos BW Energy

Aquaterra Energy Assists with BW Energy's Jack-Up Rig Conversion

[TekBot]

BW Energy: Invitation to Q3 2021 Presentation 23 November

Invitation to Q3 2021 Presentation 23 November

BW Energy will release its third quarter 2021 results on Tuesday 23 November at
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07:30 CET.

A conference call followed by Q&A will be hosted by CEO Carl K. Arnet, CFO Knut
R. Sæthre and COO Lin G. Espey the same day at 14:00 CET.

Conference call information:

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

Norway: +47 2396 3688
Singapore: +65 6408 5768
UK: +44 3333 009 262
US: +1 6467 224 903
France: +33 170 750 736

You can also follow the presentation via webcast with supporting slides,
available on:

https://streams.eventcd
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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.

For further information, please contact:
Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76
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 FPSOs to reduce time to first oil and cashflow
with lower investments than traditional offshore developments. The main assets
are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95%
interest in the Maromba field in Brazil, both operated by the Company. Total net
2P+2C reserves were 242 million barrels at the start of 2021.

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

Kilde