BW Energy has announced the extension of the Golfinho licence by Brazil’s oil and gas regulator, ANP. The production phase under the Golfinho concession contract has been extended until 2042, an increase from the previous end date of 2031. This follows ANP’s approval of the company’s field development plan in November 2024.

Commenting on the extension, Carl K. Arnet, CEO of BW Energy, stated:
“The extension supports our long-term plans for developing the Golfinho field, initially through improved operational performance of existing infrastructure and later targeting several proven low-risk in-field development opportunities. We see significant potential for long-term value creation at Golfinho.”

BW Energy holds a 100 percent working interest in the Golfinho licence, having acquired the Golfinho and Camarupim Clusters in August 2023. The field is located in the Espírito Santo Basin, with water depths ranging between 1,300 and 2,200 metres. Hydrocarbons are produced via the FPSO Cidade de Vitória, which BW Energy acquired and has operated since November 2023. The field has been in production since 2007.

For more information visit www.bwenergy.no