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12:50
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Originally posted by gdn001
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I'm unsure of the reason for the P'nyang delay, except that it is common for wells to be delayed. There are weather windows, but they wouldn't explain the extent of the delays.
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Mungy,
a FID at P'nyang is required by end-2017.
Drilling costs are usd$30m-$40m in the forelands and usd$100m++ in the highlands.
best guess on delay at P'nyang is rig availability. OSH original plan was to drill P-2 and Muruk with the rig that was on Strickland which is still on site. Another rig was used to drill Muruk. They plan a sidetrack at Muruk. Just guessing:: they may do an immediate extensive appraisal of Muruk to firm up resources for immediate PNG LNG expansion.
(20min delay)