Pie in the sky? No - perhaps up to 8000 barrels a day + gas.
Maamoura and Baraka (25 km from Maamoura) Project
The project consisted of Engineering, Procurement, Fabrication and Installation of 2 Platforms (2 Jackets: 1700 Tons; 2 Decks: 940 Tons; Piles: 1520 Tons) for an overall of 4.160 Tons. Procurement of 15 km coated Pipes 10”; Laying of 15 km Sealine 10”; Laying of 45 km Sealine 12”; Shore approach; Installation of 10” Subsea Valve, Post-trenching and Backfilling. Construction required utilisation of 4 offshore spreads (Crawler, Bar Protector, Angelo B, Ares), provided by 3 different main subcontractors. Team located in Tunis (Tunisia), Milan (Italy), Rijeka (Croatia), Aberdeen (UK).
Contract Value $148 Million CDN Target Cost Contract Potential at least 15 years of production and potential to develop these known field some more.
JKA Price at posting:
11.7¢ Sentiment: Buy Disclosure: Held
