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Dorado Project Update 29 April 2024Optimisation of Dorado Phase 1 liquids development expected to deliver a material uplift in the project’s valueDorado continues progress towards being FID-ready by end of 2024The key optimisation opportunities that are being pursued centre around re-shaping the production rates between 60,000 and 100,000 bopd Re-shaping of production rates allows for phasing of development wells which would reduce up-front CAPEX and time to first oilJoint Venture has identified several idle FPSOs that could be re-purposed for the project, which would further reduce the overall cost of the project and time to first oil.Carnarvon anticipates that overall CAPEX prior to first oil will be below previous guidance of ~US$2 billion (gross)
Dorado Project Update
29 April 2024
Optimisation of Dorado Phase 1 liquids development expected to deliver a material uplift in the project’s value
Dorado continues progress towards being FID-ready by end of 2024
The key optimisation opportunities that are being pursued centre around re-shaping the production rates between 60,000 and 100,000 bopd Re-shaping of production rates allows for phasing of development wells which would reduce up-front CAPEX and time to first oil
Joint Venture has identified several idle FPSOs that could be re-purposed for the project, which would further reduce the overall cost of the project and time to first oil.
Carnarvon anticipates that overall CAPEX prior to first oil will be below previous guidance of ~US$2 billion (gross)
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