re: Ann: Apache farms-in to coastal and easte... The oil from Ungani is of a higher quality than Brent or WTI or even Tapis.
So we will get a premium to those crudes, however, I would estimate that BRU will tie their contracts to Tapis, and should Tapis drop then our price for Ungani will drop too.
Depending on the eventual reserve size BRU will choose trucking until the reserves justify a pipeline. Generally,onshore fields such as Ungani would have a bigger profit margin than offshore fields.
Ann: Apache farms-in to coastal and eastern deser, page-40
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