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white rose oilfield development application - Husky Energy

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Table 4.8-4Comparison of FPSO and Semi-Submersible Option CostsSteel FPSO($ Million)Steel Semi-submersible($ Million)P50 Capital ExpendituresCapital (2000$Can)Capital to Project Sanction 310 310Development Capital to First Oil 1,769 1,913Drilling 311 311Total Facility 1,114 1,200Vessel/Turret 462 521Topsides/Installation/Other 652 679SubSea 314 372SGA 30 30Development Capital Post First Oil 390 390Drilling 389 389Abandonment 41 41Salvage Value (40) (40)Total Capital Expenditures 2,469 2,613Total Operating Expenditures 1,087 1,132P90 Capital ExpendituresCapital (2000$Can)Capital to Project Sanction 310 310Development Capital to First Oil 1,906 2,036Drilling 342 342Total Facility 1,198 1,268Vessel/Turret 497 550Topsides/Installation/Other 701 718SubSea 336 396SGA 30 30Development Capital Post First Oil 564 564Drilling 557 557Abandonment 47 47Salvage Value (40) (40)Total Capital Expenditures 2,780 2,910Total Operating Expenditures 1,118 1,163The operating costs are based on the following assumptions:• the reservoir parameters will be as described in the Development Plan;• <strong>Husky</strong> Oil will operate the <strong>development</strong> in accordance with a typical joint venture agreement,and will adhere to the management approach and <strong>development</strong> scenario as set out in theDevelopment Plan; and• relatively stable economic conditions prevailing worldwide in January 2000 will continuethroughout the period of operation.The operating costs shown do not include crude transportation costs. The final year operating costsinclude $41 million for decommissioning and abandonment of the facility and wells for floatingsystems. The salvage value of the two viable options is estimated at $40 million for each (as spent).White Rose DA Project Summary • January 2001 Page 67

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