It also says project operator Mubadala Petroleum has reduced ongoing operating costs by about 17% compared to the 2015 budget and these savings are budgeted to continue until 2016. Tap’s cash production costs at Manora have averaged about $22/bbl.
Mubadala Petroleum expects to drill two additional development wells at the field in 2016 and is currently reviewing the prospectivity of the G1/48 permit area. Tap stated that it is undecided whether to commit to participating in the potential drilling.
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