BW Energy: Annual report 2025

27 Feb 2026 08:02 CET

BW Energy today published its annual report for the financial year ended 31
December 2025. BW Energy also published the Board-approved report on payments
to governments and the annual statement of reserves for 2025. Please find the
reports attached.

The reports are also available at:
www.bwenergy.no/investors/reports-and-presentations

For further information, please contact:
Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments.
The Company has access to existing production facilities to reduce time to
first oil and cashflow with lower investments than traditional offshore
developments. The Company's assets are 73.5% of the producing Dussafu Marine
licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a
76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in
Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW
Energy. In addition, BW Energy holds approximately 7% of the common shares in
Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the
onshore Petroleum Exploration License 73 ("PEL 73") in Namibia. Total net
2P+2C reserves and resources were 633 million barrels of oil equivalent at the
start of 2026.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

667087_BW Energy Report On Payments To Governments 2025.pdf
667087_BW Energy Annual Statement Of Reserves 2025.pdf
667087_BW Energy Annual Report 2025.pdf
667087_bwenergyltd-2025-12-31-1-en.zip