Presentation Material & Update on Hibiscus/Ruche Development Plan

Source: www.gulfoilandgas.com 9/16/2020, Location: Africa

BW Energy is presenting at the Pareto Securities' Energy Conference today. The presentation references the progression of an alternative development plan for Hibiscus/Ruche, utilising a converted jack-up instead of constructing and installing a new wellhead platform. The conversion concept is expected to reduce development capex, time to first oil and enable a substantial reduction to field-development related climate gas emissions by re-using already existing energy infrastructure.

The alternative development plan has the potential to lower the estimated cash- break even oil price for the Hibiscus/Ruche (phase 1 and 2) development to approximately USD 25 per barrel Brent. A final decision to restart the Hibiscus/Ruche development is subject to lifting of COVID-19 restrictions to allow for efficient project execution, currently expected towards year-end 2020.

The presentation also refers to the expected impact from completion of the remaining two wells of the Tortue phase 2 development. These are currently expected to be completed at end of Q2 2021, adding 8-9,000 gross bbls/day at peak.


Gabon >>  7/28/2021 - Panoro Energy ASA is pleased to provide the following update on the Dussafu Marin PSC (“Dussafu”), offshore Gabon, where it holds a 17.5% Working Inte...
Australia >>  7/21/2021 - The operator of the Mereenie joint venture, Central Petroleum Limited has advised that the WM28 development well, the second well in the Mereenie Deve...

Trinidad and Tobago >>  7/15/2021 - Trinity Exploration & Production plc (TRIN), the independent E&P company focused on Trinidad and Tobago, provides an update on its operations for the ...
United Kingdom >>  7/13/2021 - Serica Energy, a British independent upstream oil and gas company with operations centred on the UK North Sea, has announced successful flow test resu...

Canada >>  7/12/2021 - Obsidian Energy is pleased to report strong production results for the second quarter of 2021, supported by our nine-well first half 2021 development ...
Canada >>  7/7/2021 - As per previous press releases, ROK has completed a series of acquisitions including the acquisition of producing assets in the Glen Ewen area effecti...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.