BW Energy: Strengthens financing with long-term Bourdon WHP lease and RCF extension
Norway, Oct. 13 -- BW Energy has entered into a USD 208 million project-level lease financing for the Akoum wellhead platform (WHP) to be installed on the Bourdon field offshore Gabon and has signed an 18-month extension to the USD 250 million corporate revolving credit facility (RCF). The agreements further strengthen the financing platform as BW Energy executes its long-term growth strategy. Akoum WHP leaseFollowing FID on the Bourdon development in the BW Energy-operated Dussafu licence in May, conversion of the Akoum rig into a 12-slot wellhead platform is progressing to plan. It will provide capacity for future planned development phases in the area, with first oil targeted in the first quarter of 2028.The twelve-year lease is with Min...
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