BGآ’s $110m development at Tapti over two years

Vol 6, PW 4 (24 Apr 02) Exploration & Production
     

LATER THIS year BG plans to select a contractor to complete FEED (Front End Engineering Design) for an STD platform, STD-TPP pipeline and associated TPP modifications.

Once complete, BG has tentatively pencilled in May next year to begin development drilling. "Five development well will be drilled on the STD platform," we learn.

"All wells will require gravel pack operations for sand control." (See below) BGEP's planned expenditure at Panna, Mukta & Tapti to 2004 (Figures in $1000) Description 2002 QTR II 2002 QTR III 2002 QTR IV 2003 QTR I 2002 - 2003 2003 - 2004 Development Cost Geological & Geophysical 869 712 449 209 2,239 804 Development Drilling 182 182 195 181 740 39,993 Production Facilities 242 4,410 5,110 5,853 15,615 4,485 Total Development Costs 1,293 5,304 5,754 6,243 18,594 45,282 Operation, Service & G&A Cost Production 4,820 4,904 5,074 4,846 19,644 21,036 General &Administrative 770 749 763 813 3,095 4,016 Fixed assets & Deposits Inventory & Advances - - - 873 873 (1,893) Deposits & Advances 3 3 3 3 12 12 Other Fixed Assets 37 38 5 5 85 80 Total Fixed Assets & Deposits 40 41 8 881 970 (1,801) TOTAL PROJECT COST 6,923 10,998 11,599 12,783 42,303 68,533