"production rate has been optimised"
"jv to reduce sizing of the floating production offtake and storage vessel, wellhead platform and other facilities reducing overall capital expenditure"
"phasing development wells and reducing number of wells required prior to first oil allows jv to further reduce up-front capital expenditure prior to first oil"
"considerably improving the project’s economics and reducing the time to first oil"
"overall capital expenditure prior to first oil below previous guidance"
"company, with its strong balance sheet, $90m development cost carry and optionality for a prospective debt facility, will be fully funded for its share of development costs"
https://oilman.beehiiv.com/p/oilman-jims-letter-july-19-2024
Worth reading
(20min delay)