(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)
- Forums
- ASX - By Stock
- News: BPT UPDATE 1-Beach Energy delays Waitsia Stage 2 gas production, hikes project cost
(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)
Featured News
Add BPT (ASX) to my watchlist
|
|||||
Last
$1.57 |
Change
-0.030(1.88%) |
Mkt cap ! $3.570B |
Open | High | Low | Value | Volume |
$1.59 | $1.60 | $1.57 | $10.61M | 6.739M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 236765 | $1.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.57 | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 106387 | 1.560 |
10 | 153062 | 1.555 |
19 | 224619 | 1.550 |
3 | 50650 | 1.545 |
2 | 15019 | 1.540 |
Price($) | Vol. | No. |
---|---|---|
1.570 | 3000 | 1 |
1.575 | 53022 | 2 |
1.580 | 191273 | 10 |
1.585 | 110757 | 6 |
1.590 | 100211 | 6 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
Last
$1.57 |
  |
Change
-0.030 ( 1.62 %) |
|||
Open | High | Low | Volume | ||
$1.60 | $1.60 | $1.57 | 1859725 | ||
Last updated 15.59pm 17/06/2024 ? |
Featured News
BPT (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online