BW Energy Secures $208 Million Platform Financing, Extends $250 Million Credit Facility

01:56 AM EDT, 10/13/2026 (MT Newswires) -- BW Energy (BWE.OL) received $208 million in lease financing for the Akoum wellhead platform at its Bourdon field offshore Gabon and extended its $250 million revolving credit facility by 18 months. The independent oil and gas company said Tuesday that the lease agreement with Minsheng Financial Leasing covers the platform's entire capital expenditure and has an eight-year term, with an option for a four-year extension. The platform is being converted from the Akoum rig, with first oil from Bourdon targeted for the first quarter of 2028. Separately, the company extended its revolving credit facility with DNB Bank to August 2028 under unchanged terms.