What are thoughts on the below
BMG abandonment:
The Helix Q7000 intervention vessel is now in-region and is expected to commence the BMG work in H1 FY24.
The rig was contracted in September 2020 to perform the works, locking in rates at that time. The cost to complete the well abandonment activities is expected to be approximately $165 million on a 100% gross basis.
Was this expected?
Is COE up for $165M in abandonment costs or am I missing something?
How will this be funded with cash of $90M.
Capital raise?
What are thoughts on the below BMG abandonment: The Helix Q7000...
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