Construction of the Poyraz Field facilities and pipeline are complete, the pipeline is testing, and first production is expected before yearend 2017e. Timing is dependent on final regulatory approvals. Capital expenditures in Turkey are substantially less than anticipated in 2H17e, and 2018e maintenance capital to keep Poyraz Field production between 9 mmcf/d and 10 mmcf/d is expected to be minimal. The Poyraz Field is expected to generate free cash flow in 2018e. Condor reported 3Q17 product
15 Nov 2017
First production from Turkey before year-end 2017e
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First production from Turkey before year-end 2017e
Capita plc (CPI:LON) | 12.9 0 (-2.7%) | Mkt Cap: 220.1m
- Published:
15 Nov 2017 -
Author:
Darren B. Engels -
Pages:
8
Construction of the Poyraz Field facilities and pipeline are complete, the pipeline is testing, and first production is expected before yearend 2017e. Timing is dependent on final regulatory approvals. Capital expenditures in Turkey are substantially less than anticipated in 2H17e, and 2018e maintenance capital to keep Poyraz Field production between 9 mmcf/d and 10 mmcf/d is expected to be minimal. The Poyraz Field is expected to generate free cash flow in 2018e. Condor reported 3Q17 product