BW Energy confirms liquid hydrocarbons in Namibia's Kudu block

BW Energy has concluded drilling operations on the Kharas-1 appraisal well in Namibia's Kudu license, reaching a total depth of 5,100m. The well encountered multiple reservoir intervals and will now be plugged and abandoned as planned. Shallow turbidite reservoirs showed dry-gas, with properties currently under evaluation.

Significantly, hydrocarbons were found in a deeper fractured volcaniclastic reservoir, confirming a working petroleum system with condensate and/or light oil. Further analysis is underway to determine the system's extent, characterize reservoir properties, and assess appraisal options. Chief executive Carl Arnet stated the results confirm liquid hydrocarbons in the Kudu block for the first time.

BW Energy's forward program will prioritize high-value targets based on the presence of both liquid hydrocarbons and gas, incorporating learnings from Kharas-1A. The company holds a 95% interest in the Kudu field and reported total net 2P+2C reserves and resources of 599 million barrels of oil equivalent at the start of 2025.