As a result, Tolmount first gas will be delayed beyond the end of July and is now likely to be around year-end. With expected plateau rates of 20-25 000 boe/d net to Harbour, Tolmount was expected to contribute just over 10 000 boe/d to Harbour’s 2021 production.
Due to the current uncertainty around the timing of Tolmount start-up, the company has revised its production guidance for the year to exclude volumes from the project. As a result, Harbour’s 2021 production guidance is now 185 to 195 000 boe/d on a proforma basis and 170 to 180 000 boe/d on a reported basis. This revised guidance also reflects actual proforma production to the end of June of 180 000 boe/d and a delayed restart of Elgin Franklin following the summer maintenance shutdown. Forecast full year operating costs of US$15-16/boe and total CAPEX of US$1.1 billion are unchanged.
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Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/21072021/first-gas-from-tolmount-field-delayed/