CC Thanks for coming back. However, I stand by my figures as I expanded my spreadsheet beyond the first 10 years to include all production and it checked out exactly with the numbers in the Appendix. I had to work on it though and found I needed to correct for leap year production! Btw, I have $185.77/b in 2053.
I then used the latest forecast prices and arrived at a revenue of $23,809.8MM, about 14% down, but made no correction for a deferred production start-up.. Now, if they can do something with the Capex in the current market........the NPV might not look too shabby.
I did a year by year analysis based on the RAR figures for both production numbers (table 8-18 - P50) and the bentley crude prices (table 12-1), as I wanted to see what the impact was on revenue on a year by year basis.
You may have been referring to StanleyUK's comment, but that's not what you wrote:
... OGA might be proactive in developing Quad 9 by installing common infrastructure and recovering the cost by a royalty per barrel on the producers who use it?
which is a world apart from assisting operators in marrying a group with a mid-stream infrastructure investor.
Given that drilling for and producing oil is part of the upstream sector, i'm a bit perplexed by this reference to a midstream infrastructure investor. Does it refer to the shared pipeline infrastructure? Was this expected to be a large part of the cost?
Good afternoon HB. Am I reading too much into what has been intimated here? Are people suggesting the OGA might be proactive in developing Quad 9 by installing common infrastructure and recovering the cost by a royalty per barrel on the producers who use it?
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