BW Energy Slashes Gabon Spending Plans

Oil and gas company BW Energy, with assets in Gabon and Brazil, has decided to cut down its planned Gabon investments by 50 percent, citing coronavirus outbreak, oil price uncertainty, and restriction on international travel.

“The impact of international travel restrictions is limiting the Company’s ability to move essential personnel, subcontractors and equipment to and from Gabon. This may affect the timing of the drilling of the planned DTM-7H well and the subsequent exploration well.”

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