Hi FoundWanting,
I'm unsure, but in my view, I believe the 100PJper annum hydrocarbon gas will apply to the gross (100%) production from the gas field for each year of production. Also, it is unlikely that Vali or Odin will ever be producing 100PJ/year (95BCF/year). If Vali produce at 15mmscf/d hydrocarbon gas for 365 stream days, that is around 5.5BCF per annum (5.8PJ), well short of the 100PJ per annum threshold. If my sums are accurate.....
Kind regards OldGeo
Ann: Business Update, page-10
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