BW Energy has secured a 25-year extension of the Dussafu Marin production license offshore Gabon, pushing the expiry date to 2053 from 2028 under an agreement with the Ministry of Oil and Gas of the Gabonese Republic.

The revised term gives the company longer visibility for production, investment and reserve development at Dussafu, its core producing asset. It also supports the continued execution of ongoing projects in the area, including MaBoMo Phase 2 and the planned Bourdon development.

The extension further reinforces the basis for infrastructure-led growth across the adjacent Niosi and Guduma licenses, both operated by BW Energy.

Chief executive Carl K. Arnet said the agreement marked an important milestone for the company and reflected its partnership with the Gabonese authorities. He said the extended framework would support continued investment and production growth across the Dussafu area, while underlining the company’s commitment to responsible resource development and long-term value creation in Gabon.

BW Energy operates the Dussafu Marin licence and holds a 73.5% working interest.