BW Energy Ltd (CHIX:BWEo)
kr 24.525 0 (0%) Market Cap: 5.91 Bil Enterprise Value: 10.92 Bil PE Ratio: 3.92 PB Ratio: 0.73 GF Score: 65/100

Q1 2023 BW Energy Ltd Earnings Call Transcript

May 24, 2023 / 12:00PM GMT
Release Date Price: kr27.75
Operator

Welcome to BW Energy's Q1 presentation for 2023. (Operator Instructions) This call is being recorded. I now turn the call over to speakers. Please begin.

Carl Arnet
BW Energy Limited - CEO

Thank you and welcome to the first-quarter presentation 2023 by BW Energy. This presentation will be hosted by Knut Sæthre, our CFO; Lin Espey, our COO; and myself, Carl Arnet.

I will run through the first part of the presentation, then Knut will take over, and then we're all three ready for Q&A. So without further ado, please note our disclaimer, and then I'll go on to the highlights of first quarter '23.

The Hibiscus/Ruche first oil was achieved in early April, slightly outside the first quarter, but we are extremely pleased that we managed to do the project with excellent HSE statistics, and I will mention this again. We have our new gas lift compressor onboard the Adolo, and it's undergoing commissioning. We expect to start it up in May. It may slide into June, but that is the world of commissioning. But at least we are now in the testing phase of

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