Thats a boomer of a report.
Beibu being lined up for 6 lovely sure-to-work "workovers"(with more to follow in subsequent years) and some infill drilling between successful sandstone wells- money for old rope in both cases.Minimal capex relative to
the near-certain boosts in production . Ditto minimum capex for getting the extra oil to market as the new oil goes over the boundary with Phase 1 to utilise the closest Phase 1 platform with its bunkering( storage -for -pumping- or- collection) and pipeline -to-market facilities.
Maari to see the Manaia (sandstone) field drilled at last.Best thing to happen at Maari for yonx.
Despite performing brilliantly currently Beibus sandstone wells will get some solid boosts with 2 or 3 years of workovers scheduled (I think there are 15,maybe 16 ,Phase 1 wells in production and they will all be worked over within ,say,3 years).
Talk of another cap repayment to IMC .
Nice boost in PNG gas reserves per the shuffling of leases between HZN and the other parties in Western LNG
and so on
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