• Brice Morlot moves from CFO to head of operations, replacing Lin Espey.
• Thomas Young shifts from strategy to CFO as company targets 90,000 bpd by 2028.
• Africa portfolio key, with strong output in Gabon and gas project in Namibia.

BW Energy announced on September 17 a reshuffle of its executive team. Former CFO Brice Morlot will now oversee operations, while Thomas Young, previously in charge of strategy, takes over as chief financial officer. The changes follow the departure of Lin Espey, the company’s former head of operations.

“The appointments reflect our strategy to promote from within and build on existing strengths. Brice and Thomas have contributed significantly to BW Energy’s development, and I am very confident they will continue to do so in their new roles as we execute our plan to increase production to ~90,000 barrels per day in 2028,” said CEO Carl K. Arnet.

Africa remains at the heart of BW Energy’s portfolio. In Gabon, the Dussafu Marine block produced over 40,000 barrels per day in early 2025, mainly from the Hibiscus and Ruche fields.

In March, the company announced a major discovery at the Bourdon prospect, drilled at a depth of more than 4,000 meters. The appraisal well revealed a 45-meter hydrocarbon column, with estimated resources of 56 million barrels in place, including about 25 million recoverable barrels confirmed by the DBM-1 ST2 well.

In Namibia, BW Energy holds a 95% stake in the Kudu gas project, covering 4,567 km² in shallow waters. At the end of July, the company contracted the Deepsea Mira rig to drill the Kharas appraisal well in the second half of 2025. Development plans include converting a semi-submersible into a floating production unit.

By early 2025, BW Energy’s combined reserves and resources were estimated at nearly 599 million barrels of oil equivalent. The leadership reshuffle, focusing on executives already embedded in the company’s strategy and operations, is intended to secure delivery of these projects and reinforce investor confidence.