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C"mon Cath, page-110

  1. 13,410 Posts.
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    A couple of Snippets from the CNE half year report that might help, personally I don't take much notice of what WPL says but the important thing IMO is not when the various pre FID requirements happen, it's when FID itself happens and that currently stands at late 2018..

    "Onto the proposed SNE development, and really three words that capture our overall philosophy:

    first, phased and fast.

    SNE will be the first offshore development in Senegal so we want to make sure it’s designed, constructed and operated in a responsible way, meeting both international and local requirements. It will be a phased development with an initial focus, as both Simon and James have outlined, on the higher quality, lower reservoirs, and this gives us the most direct line to
    first oil. And we would, as a joint venture, like to move forward quickly to capture the opportunities within the current contract market, and we believe the Senegal stakeholders will also share this vision."

    "Finally in terms of the timeline. The timeline remains on track with previous guidance. We now have Woodside working very closely with us and we aim to finalise the evaluation report, commence front-end engineering and design in 2018 and submit the exploitation plan with the aim of taking a final investment decision on the first phase of the development by the end of next year.( 2018)"


    Cheers Whisky
 
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