Websites creation of just as much as 70,one hundred thousand barrels out-of oil similar throughout the one-fourth was in line with the traditional. Conversion volumes out of 82,one hundred thousand drums away from oils comparable was greater than information since the a consequence of an additional Jubilee freight inside Ghana, packing in the later December.

In the first one-fourth on the 12 months, i allowed an understood rate web out-of hedging of over $80 for each barrel. Will set you back were all in range or just beneath earlier recommendations, and that assisted to push the current positive 4Q performance. While i mentioned in my beginning commentary, i made many improvements into the equilibrium layer when you look at the 2021.

And chart with the kept of slip means that exchangeability stays at the an excellent height. This quarter, i anticipate to finish the refinancing of one’s RCF pressing that readiness so you can later 2024. The new graph off to the right means that we expect to have zero point financial obligation maturities up to later 2024 at latest, while we carry out plan to need our very own liberty so you can prepay specific your present financial obligation long before that. Thereupon, I shall give back so you can Andy for taking your through the seasons in the future.

Looking at Fall 16

Thanks a lot, Neil. Round the the business, this might be an essential 12 months into the company. We have been investing in the secret possessions to operate a vehicle the rise in the production and cash circulate that people mentioned before. Embracing Fall 18.

From inside the Ghana, we have a scene-classification community inside Jubilee with the possibility to make at raised account for the next a decade even as we deliver for the all of our agreements. Within the 2022, we’re expenses capital within the around three infill wells, one to music producer, and two injectors you to keep the legs development. With the help of our the latest wells, combined with great things about the fresh wells we drilled this past year, we expect you’ll submit year-on-seasons progress in the Jubilee of about 10%, which includes the newest perception of these two-week shutdown arranged into second one-fourth. In the prevent of the season, the connection intentions to begin fucking the first Jubilee South-east wells.

Jubilee The southern area of is actually an untapped part of the reservoir, where we are fucking straight down GOR wells. Once on the web, from inside the middle-2023, these wells is always to post disgusting manufacturing from inside the Jubilee to over 100,000 drums from petroleum per day. Towards the 10, as the driver directed in earlier times, manufacturing is anticipated so you can development straight down until we see the pros of one’s wells which might be getting drilled later this current year. The relationship intends to buy a couple infill wells in 2010, that music producer and something injector, that should help stalk .

The fresh know price of up to $65 for every barrel, with the new impression regarding hedging, try materially higher than the earlier quarter, a pattern we expect to remain within the 2022

Our company is in addition to fucking one or two riser-built wells, which can be concentrating on an enthusiastic undeveloped extension of the NTM tank better into the FPSO, enabling me to make the most of current system. These riser-created wells are essential on the internet when you look at the 2023 and may help boost creation. As operator recently conveyed, this new extended-term package having Ten should be to twice latest production levels because of the improving the activity on Ten having an extra rig from inside the Ghana. Last but most certainly not least, our company is lined up on user and also the Government of Ghana to help you cure regime flaring of the 2025.

Because the a primary step, we decide to modify the fuel handling program towards the Jubilee FPSO for the shutdown in the 2nd quarter of 12 months, that’s likely to allow us to inject and you can export even more energy volumes. Looking at Slide 19. For the Equatorial Guinea, manufacturing 12 months up until now provides stayed strong due to the fact an effective consequence of the brand new wells drilled late this past year. In the 2022, resource might be focused on studio repair, really functions, and a second ESP program for the purpose of staying development doing these types of membership from the year.