Hi Dyno and H - I have the info in front of me... For PSC B the contractor's share of recovery depends on flow rates. At 25000-75000 bbls/day cost recovery is up to 65% while for 75000-100000 bbls/day it's 60%.
My guess is the JV will probably not want to get above 75000, however, I'm not sure if this means they can flow at higher rates (eg 80-90000 per day) as long as they don't average more than 75000/day over the year.
Also it may not mean much in the long run if they receive up to 60% cost recovery over the year cf. 65% - my interpretation of the info is that the will end up recouping all development costs over time - it's just they'll recoup less earlier on (also the Govt has to re-imburse the contractor for 150% of past costs anyway).
- Forums
- ASX - By Stock
- what can we expect tomorrow?
HDR
hardman resources limited
Hi Dyno and H - I have the info in front of me... For PSC B the...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)