BW Energy is gearing up to unlock its recent Bourdon oil discovery offshore Gabon with plans to acquire and convert another jack-up rig into a dedicated production facility. This strategic move is intended to fast-track the development of the newly found reserves while simultaneously evaluating additional exploration prospects nearby.
The company announced that the new jack-up rig, once converted, will serve as a cost-effective production platform. This approach aligns with BW Energy’s strategy of using modular and repurposed infrastructure to minimize costs and optimize operational efficiency in offshore projects.
Boost for Gabon’s Oil Sector
The development comes as a significant boost to Gabon’s oil sector and is expected to draw positive attention from President Brice Oligui Nguema. Nguema, who secured over 90% of the vote in last month’s election, has prioritized energy sector growth as part of his administration’s economic reform agenda. His rise to power followed a military coup in 2023 that ended Ali Bongo’s long-standing rule.
BW Energy’s latest discovery is expected to enhance Gabon’s position as a growing player in the African oil market, potentially increasing national revenue and creating local employment opportunities. Additionally, the company is evaluating nearby exploration options to expand its reserves, further solidifying its footprint in the region.
Industry analysts have lauded BW Energy’s approach, citing it as a model for cost-effective offshore development. With growing confidence in Gabon’s political stability and renewed investment interest, the Bourdon field could be a catalyst for greater offshore exploration in the country.
BW Energy plans to commence the rig conversion process later this year, with production from the Bourdon field anticipated to start as early as 2027, pending regulatory approvals and successful project execution.
