---
title: "BW Energy Completes Tortue Phase II $45 Million Under Budget"
description: "BW Energy has completed the Tortue Phase II project at the Dussafu asset in Gabon, finishing approximately $45 million under budget with a final cost of $230 million. The two final wells are performin"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276463729.md"
published_at: "2026-02-20T16:14:47.000Z"
---

# BW Energy Completes Tortue Phase II $45 Million Under Budget

> BW Energy has completed the Tortue Phase II project at the Dussafu asset in Gabon, finishing approximately $45 million under budget with a final cost of $230 million. The two final wells are performing as expected. For Q3 2021, the company reported an EBITDA of $8.3 million and a net loss of $10.3 million due to no oil liftings. Production constraints are anticipated until additional compression is installed in Q4 2022. The Hibiscus/Rouge development is on track for late Q4 2022, and progress is being made on the Maromba project in Brazil and a revised Kudu gas-to-power concept in Namibia.

BW Energy’s management said Tortue Phase II at the Dussafu asset in Gabon was completed in October, coming in about $45 million below budget with a final cost estimate of $230 million, and that the two final wells (DTM-6H and DTM-7H) are performing to expectations. The company reported Q3 2021 EBITDA of $8.3 million and a net loss of $10.3 million due to no oil liftings in the quarter, while highlighting ongoing production constraints from limited gas-lift capacity that are expected to persist until additional compression is installed in Q4 2022. Management also said the Hibiscus/Rouge development remains on track for first oil in late Q4 2022, outlined progress toward a 2022 FID for the Maromba project in Brazil, and described a revised Kudu gas-to-power concept in Namibia enabled by the acquisition of the LEO semi-submersible rig for $14 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BW Energy Ltd. published the original content used to generate this news brief on February 20, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
