(Updates with background details and CEO comments in paragraphs 3-4)
April 8 (Reuters) - Australia's Beach Energy (BPT) said on Monday it expects the first gas production from its Waitsia Stage 2 gas project in early 2025, instead of mid-2024, due to further quality issues.
The oil and gas explorer also raised its total capital expenditure estimate for the project to between A$600 million ($394 million) and A$650 million, from an earlier estimate of A$400 million to A$450 million.
"Having to redirect existing onsite labour to remedial works is slowing the progress of pre-commissioning activities, resulting in further delay and cost increases," said Managing Director and CEO Brett Woods.
The gas project, a joint venture with a unit of Japanese firm Mitsui & Co 8031.T , was initially due to start producing gas for export through the North West Shelf liquefied natural gas (LNG) plant in late 2023, Beach said in May last year.
($1 = 1.5223 Australian dollars)
(Updates with background details and CEO comments in paragraphs...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BPT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.26 |
Change
0.010(0.80%) |
Mkt cap ! $2.863B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $8.768M | 7.008M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26415 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 41117 | 1 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |