RE: Shenandoah28 Mar 2024 14:22
Citizen,
"According to the operator's initial assessment, the damages caused to Topsides are not material and production from the project is expected
to start during the second quarter of 2025
The operator and HHI continue to carry out the tests, and will continue to operate during the second quarter of 2024.
work to carry out the required repairs under the supervision of independent professional consultants, so that the construction of the FPS is completed,
Its towing to the Gulf of Mexico, USA, and its installation in the project will be carried out in schedules that will allow the start of production
from the project as mentioned above, while meeting all the required regulatory requirements.
In addition, the operator estimates that most of the additional costs related to the work accident, including the repair of the topsides, the
The FPS and its installation will be covered under the existing insurance coverage for the construction of the project and/or under the agreement with HHI, and
Yes, this will not have a material impact on the project budget.
The terms included in this report shall have the meaning given to them in the original report."
https://maya.tase.co.il/reports/details/1581999
Mogger