Project Update 30 | ||
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Production & Construction, Chapter 2
At mid-year 2011, project production support investments were contributing about 91,000 barrels per day to the project’s crude oil output. A recent reassessment of the project’s reservoir models showed that the natural decline in base production is occurring faster than initially assumed, and as a result, without the Consortium’s investments, production would have fallen to about 25,000 barrels.
Additionally, spending on production support totaled 160 billion FCFA ($350 million, including $250 million in capital investments and $100 million in day-to-day operations directly related to sustaining production).
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