First gas at the Southwark field is expected in July 2021, followed by Blythe and Elgood three months later. This schedule would allow the firm to maximise production during the winter when gas prices are the highest. Overall, the total net funding requirement to first gas stands at £195 mm including development capex + contingencies, the drilling of Harvey, G&A and the repayment of the non-convertible loan to LOG.
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FLASH: Project update
- Published:
14 Aug 2019 -
Author:
Stephane Foucaud -
Pages:
2
First gas at the Southwark field is expected in July 2021, followed by Blythe and Elgood three months later. This schedule would allow the firm to maximise production during the winter when gas prices are the highest. Overall, the total net funding requirement to first gas stands at £195 mm including development capex + contingencies, the drilling of Harvey, G&A and the repayment of the non-convertible loan to LOG.