BW Energy's Risky Bet: Tripling Oil in Africa
Update: 2025-10-08
Description
BW Energy aims to triple oil production by targeting a potential oil bonanza in Namibia's Kudu Basin. Drilling the Kharas-1 well, BW Energy is betting on oil hidden beneath existing gas reserves, a move that could revolutionize Namibia's offshore sector and propel the company to a leading position in Africa. But high-risk deep-sea drilling means success is far from guaranteed.
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