That's why the conf call will b worth a listen. Sure the US analysts will go on abt costs, risks et al.
COP & its partners (marathon & hess) must b sick of Libya, as they had an extended Force Majeure for 3qtrs of the year in 2014, at Waha oilfield last year (second shutdown since 2011 gadaffi dramas) which restricted their sales, cashflow & appraisal activity as they could only drill 4 of the 6 planned wells onshore.
So Geopolitics does play a key factor in development plans for the Major players. What matters for Senegal is the PSC terms etc (should development etc proceed).
So the proved reserves of 242 mmboe are what COP has in Libya for its 16.3% share (gross proved reserves r 1482 mmboe betwn 4 partnrs).
At $5/boe COP's share in Waha is worth US$1.25 bil . IMHO they should look at flogging this off & focus on Senegal (assuming all 4 Angolan exploration wells in Blk 36 & 37 come up dry this year).
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