According to Pan Pacific Petroleum (PPP) which has a 5% interest in surrounding block 07/03, the field has been successfully appraised and flow tested.
Over the past years operator Repsol has performed various activities for the field development plan (FDP) in the lead-up to a final investment decision.
A decision on the FDP should follow by mid-year. PPP is assessing the potential benefits and risks, and options for funding its share of the $1.1 billion required over the next four years to drill development wells and build infrastructure.
First production is targeted for the second half of 2019.