• BW Energy, the operator of the Dussafu licence is reviewing the development concept of Hibiscus and Ruche with a jack-up conversion instead of a new build wellhead platform. Overall, this could reduce the break-even of the project from US$30/bbl to US$25/bbl, reflecting the current low cost of barges. The operator now estimates that the project would achieve an IRR of 15% at US$30/bbl (US$35/bbl previously).
• Pending more visibility on the new development plan, gross capex could be 20% lower ....
18 Sep 2020
Panoro Energy ASA (OSE: PEN): Boosting returns in Gabon, gearing for exploration
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Panoro Energy ASA (OSE: PEN): Boosting returns in Gabon, gearing for exploration
• BW Energy, the operator of the Dussafu licence is reviewing the development concept of Hibiscus and Ruche with a jack-up conversion instead of a new build wellhead platform. Overall, this could reduce the break-even of the project from US$30/bbl to US$25/bbl, reflecting the current low cost of barges. The operator now estimates that the project would achieve an IRR of 15% at US$30/bbl (US$35/bbl previously).
• Pending more visibility on the new development plan, gross capex could be 20% lower ....