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Management attributes strong first-half performance to an 18% year-on-year production increase., driven by the Jubilee ramp-up in Ghana and consistent delivery at GTA.
The company achieved a structural reduction in operating costs by exiting high-cost barrels in Equatorial Guinea and repurchasing the TEN FPSO, targeting a 35% reduction in OpEx per barrel for 2026.
Jubilee's outperformance is credited to the integration of 4D seismic data, which enabled the identification of high-value, unswept oil in the core of the field.
Strategic portfolio management was highlighted by the Tiberius farm-down, which management believes validates ***** et value while minimizing capital exposure through 2027.
#tell #equatorial
Management attributes strong first-half performance to an 18% year-on-year production increase., driven by the Jubilee ramp-up in Ghana and consistent delivery at GTA.
The company achieved a structural reduction in operating costs by exiting high-cost barrels in Equatorial Guinea and repurchasing the TEN FPSO, targeting a 35% reduction in OpEx per barrel for 2026.
Jubilee's outperformance is credited to the integration of 4D seismic data, which enabled the identification of high-value, unswept oil in the core of the field.
Strategic portfolio management was highlighted by the Tiberius farm-down, which management believes validates ***** et value while minimizing capital exposure through 2027.
#tell #equatorial
1 day ago
