The Nrweigian minnow, BW Energy has approved the Final Investment Decision (FID) for the offshore Bourdon oil field development in Gabon.
The $300Million project will repurpose the Akoum jack-up rig into a new wellhead platform to extract an estimated 25Million barrels of recoverable oil (2P reserves), with first production targeted for the first quarter of 2028.
The Bourdon prospect is located in the Dussafu license, approximately 15 kilometres west of the BW Adolo FPSO and 7.5 kilometres southeast of the MaBoMo facility.
Bourdon holds the lightest crude oil (3.5° API/centipoise) discovered in the Dussafu license, “making it highly cost-efficient to extract and process”, the company claims in a release.
Total capital expenditure is estimated at $300Million, with $100Million in pre-first-oil expenditures.
First oil is anticipated from an initial three production wells, with the repurposed platform capable of accommodating up to 12 wells for future phases.
