BW Energy takes a $140 million bet on Namibia frontier play in deal with Canadian explorer

Oslo-listed player strikes deal with ReconAfrica that gives it exposure to onshore drilling campaign, but share prices in both companies fall

BW Energy chief executive Carl Arnet.
BW Energy chief executive Carl Arnet.Photo: GORM K GAARE/DN
Published 17 July 2024, 08:56Updated 18 July 2024, 09:42
BW EnergyReconAfricaNamibiaKavangoOrange basin