Hi Ya, good to hear your wisdom. I was thinking that the costs...

Hi Ya, good to hear your wisdom.

I was thinking that the costs of running a project in offshore locations would atleast cost $20-30 a barrel. To redevelop a field would cost atleast $30m, depending on wells and production facilities. Minimal size if stand alone would need to be 10mmbo to get a green light, tie in with the neighbouring venture would be a robust project needing 5mmbo.

Depending if the old wells can be re-entered would result in greater cost savings, but I would assume 1-2 wells are needed to flush unswept compartments and newly identified ones. These are relatively cheap as water depths are shallow.

I eagerly await the results of the hard work the company has put into this project. If results are good a bottle of champagne is going to be popped.

We are in an exciting period with plenty of projects moving forward.