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Issues & Answers:

[Operator instructions] Our very first matter comes from the fresh line of Charles Meade with Johnson Grain. You may go ahead together with your matter.

Hello, Andy and Neal, also to the rest of the cluster around. Andy, I wish to come back to the wishing statements and you may especially committed range that you discussed to possess phase a couple. Performed We tune in to that you’re going to features a front-avoid technologies techniques sometime up to midyear you to definitely precedes FID? Otherwise would you just return to that and sorts of put enough time line for us?

Sure. Charles, it’s Andy. Sure, enough time line is to find towards layout come across decision of the midyear. And you will we are working with BP to make sure that we totally optimize you to definitely.

And as We told you on the responses, In my opinion — we feel you will find actual possible opportunity to reduce the pricing underneath the $step one million gains for the upstream that we talked about. Thus that’s the process going right on through to the middle of your own year. For FID, obviously, the us government approvals we truly need, the past technologies will set you back therefore need the agreements set up.

It is — and you will again, it’s really essential, I do believe, in today’s ecosystem, it might be high quality engineering completed to make sure that you will find the right basis of your own funding together with correct deals in the place. So i genuinely believe that we need to ensure that the high quality on the is an astonishing venture. And you can we’re slightly — we see numerous possibility in fact to eliminate will set you back upfront. And now we need to make sure that we do this.

Got it. After which a simple question throughout the Gulf of mexico, the two-well Winterfell development. Only to get type of an order regarding magnitude right here, would be to i be thinking about terrible rates out of you to definitely development in all of the 5,one hundred thousand so you can 10,100 barrels day?

Yes. I do believe, Charles, terrible costs into two-well innovation could well be doing 20,one hundred thousand barrels 1 day or possibly little reduced that, but that’s fundamentally flow on limited.

Hello. Andy, the original question for you is merely to the marketing strategy. Definitely, having that which you happening into the European countries at this time, the value of Tortue while the drums will continue to move high potentially. Because you remember cargoes to own sometimes stage you to definitely otherwise stage a couple, could you eventually business those types of dating a guy with a beard cargoes into the European countries and you may talk about the manner in which you get a hold of this resource suitable regarding wide gas macro?

Yes. Thank-you, Neil. I do believe that — for those who sort of get back and you can version of undertaking where we are today on the phase one to, we have the 2.5 mil tonnes are marketed of the BP. While the you will be aware, it’s a good nine.5% low so you’re able to Brent.

And therefore the second area for the layout selected and the method send outlined, we will do the supply systems to go through the fresh new formal techniques away from FID

The real upside, naturally, hence, arises from phase a couple, where people cargoes commonly ended up selling now. And now we trust there was a bona-fide opportunity for me to need better benefit, I think, away from building charges for LNG in the world. And i also imagine since you look at the industry now and you will obviously, one of several outcomes of your own sad situation when you look at the Ukraine is one to European countries must evaluate the way it normally guarantee opportunity security to check out the resources of gasoline. And i also believe in the Mauritania and Senegal, we have a resource, which is low cost, the new gas is lowest carbon dioxide, this has zero Carbon dioxide in it, and it’s proximate in order to European countries.