A blowout preventer (BOP) is a specialized valve or mechanical device used in oil and gas wells to prevent uncontrolled blowouts. BOPs are installed in stacks of other valves and are essential for safety during drilling operations.
A term I'm not familiar with.
It's probably mentioned in the FS several times as a form of safety foremost.
C-77H Well data acquisition; finalize future workover program
Selan plan to conduct workover operations on a minimum 3 wells and potentially up to 6 wells on the Cambay PSC.
The workover sequence, starting with C-70, will commence after the wells have been subjected to individual pressure gradient surveys during October / November 2024. All the contracts required for the workover operations are progressing as per the timeline. The Company believes the workover program will result in material incremental production and cashflow from the Cambay PSC and a better understanding of well behaviour ahead of the drilling of three new wells which is currently planned to commence Q2 2025. Synergia will be carried by Selan through the agreed US$20 million work program.