Initial production from two new offshore Geographe development well at Otway would be around 3 mmboe (my estimate) per year. No firm start date yet but most likely will be in November or December 2021. When Geographe wells go online, money starts to roll in to BPT to help pay for remaining Otway Capex.
There has been some delay in the drilling of Geographe 5. As a result Capex may be less for FY22 as drilling of the other 4 Thylacine development wells are pushed back farther.
THE ONLY WAY IS UP., page-20
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