Bw offshore: bw energy announces revised plan of development for ruche phase 1

Reg-bw offshore: bw energy announces revised plan of development for ruche phase 1.estimated capex for revised ruche phase 1 incorporating hibiscus development has been increased to usd 445 million.estimated gross production from ruche phase 1 is forecasted to double from 15,000 bbls/day to 30,000 bbls/day.these volumes will come in addition to production from tortue field..management estimate for hibiscus reserves has been confirmed by independent auditor..under revised plan, contemplated platform will be moved 4 km to west to incorporate hibiscus resources..ruche phase 1 will in its revised form consist of four hibiscus production wells and two ruche wells, all from gamba formation.total field operating costs including ruche phase 1 are estimated to be around $10/bbls excluding royalties and taxes.phase 2 of ruche development will develop additional proven resources through up to 7 wells to maintain production plateau..change in development plan will not affect expected timing of first oil from ruche..has agreed options for additional two exploration wells with drilling contractor borr drilling..bw energy has agreed options for additional two exploration wells with drilling contractor borr drilling.two exploration wells will if options are exercised extend current drilling campaign to q3 2020..these wells will if options are exercised extend current drilling campaign to q3 2020.
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