The Sangomar field has ~3.6 billion oil in place.
The current phase1 development is only targeting ~200 million barrels.
The real profitability comes in when you can do phase2+ and extract the rest of the oil while already having the infrastructure in place and paid off.
Normal recovery factors for west african fields are around 33% of oil in place.
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Last
$24.25 |
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0.330(1.38%) |
Mkt cap ! $46.04B | |||
| Open | High | Low | Value | Volume |
| $24.55 | $24.59 | $24.16 | $116.2M | 4.766M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $24.23 |
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| Price($) | Vol. | No. |
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| $24.26 | 1701 | 2 |
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| WDS (ASX) Chart |