Q3 2022 BW Energy Ltd Earnings Call Transcript
Welcome to this third-quarter 2022 presentation of BW Energy. This presentation will be hosted by Lin Espey, our Chief Operating Officer; Knut Sæthre, our CFO; and myself, Carl Arnet.
Please note our disclaimer. In this presentation, we will cover the following highlights.
We are pleased to announce that Hibiscus/Ruche is on track for first oil in first quarter next year. We have installed BW MaBoMo and the subsea pipeline, and we will cover that in more detail later on in the presentation.
We are also progressing very well towards closing of the Golfinho acquisition also in first quarter next year. And we have been approved as deep-water operator Class A in Brazil. We have also launched a 3D seismic survey that will be performed in the first quarter next year on the Kudu asset.
Further, we will cover, of course, our results where the Q3 EBITDA was $61.5 million with a net profit of $33.8 million. This was based on one lifting in the quarter for BW Energy of 680,000 barrels. The average lifting price achieved was $101 per barrel,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
