Market reaction: positive. We view the pipeline export solution for Stella as being very good news. This has historically been a source of concern for us given the risk of downtime associated to weather. Exporting through a pipeline would boost uptime and will reduce opex/boe by US$1.5/boe. In addition, this will likely result in an increase of recoverable reserves (lower cost implies longer economical life of the field). The change over from tankers to pipeline in 2017 is expected to result in ....
22 Jun 2016
PIPELINE EXPORT FOR STELLA IS VERY GOOD NEWS
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PIPELINE EXPORT FOR STELLA IS VERY GOOD NEWS
Market reaction: positive. We view the pipeline export solution for Stella as being very good news. This has historically been a source of concern for us given the risk of downtime associated to weather. Exporting through a pipeline would boost uptime and will reduce opex/boe by US$1.5/boe. In addition, this will likely result in an increase of recoverable reserves (lower cost implies longer economical life of the field). The change over from tankers to pipeline in 2017 is expected to result in ....