Baksha

Location

• The Baksha oil project would likely be located in a region with known oil reserves. For example, if it is similar to the Hibiscus Field, it could be situated offshore in a country like Gabon or another oil-producing nation.

Operational Aspects

• Operator and Partners: The project would be operated by an oil and gas company, possibly with partnerships similar to BW Energy and Panoro Energy in the Hibiscus Field project.
• Drilling and Production: The project would involve drilling wells to access the oil reserves. This could be done using jackup rigs or other drilling equipment, similar to the Borr Norve jackup rig used in the Hibiscus Field.

Production Metrics

• Production Rate: Initial production rates could be similar to those seen in the Hibiscus Field, which started at between 5,000 and 6,000 barrels of oil per day (bpd).
• Reserves: The project would have estimated oil in place and recoverable reserves. For instance, the Hibiscus South Field has around 22 million barrels of oil in place with approximately 6.6 million barrels expected to be recovered.

Development Strategy

• Infrastructure-Led Exploration: The project might employ an infrastructure-led exploration strategy, which allows for rapid development and production start-up, as seen in the Hibiscus Field where production began just five months after discovery.
• Phased Development: The development could be phased to allow for flexible and efficient expansion of production and reserves, similar to the Hibiscus/Ruche Phase 1 development project.

Processing and Export

• Processing Facility: Oil produced would be processed and stored on a Floating Production, Storage, and Offloading (FPSO) unit or a similar facility before being exported to international markets. For example, the BW Adolo FPSO is used in the Hibiscus Field project.

Strategic Context

• Growth Potential: The project would be part of a broader strategy to unlock organic growth potential in the region. This could involve ongoing exploration and development activities to increase production and reserves over time.

Example Profile

Project Name: Baksha Oil Project

Location: Offshore [Country/Region], e.g., Gabon

Operator and Partners:

• Operator: [Oil and Gas Company], e.g., BW Energy
• Partners: [Other companies involved], e.g., Panoro Energy

Operational Aspects:

• Drilling: Utilizing jackup rigs or similar drilling equipment.
• Production Start-Up: Achieved through an infrastructure-led exploration strategy, potentially within a few months of discovery.

Production Metrics:

• Initial Production Rate: Approximately 5,000 to 6,000 bpd.
• Reserves: Estimated oil in place and recoverable reserves, e.g., 22 million barrels of oil in place with 6.6 million barrels recoverable.

Development Strategy:

• Phased Development: To allow for flexible and efficient expansion of production and reserves.
• Infrastructure-Led Exploration: To rapidly develop and start production.

Processing and Export:

• Processing Facility: Oil processed and stored on an FPSO unit before export to international markets.

Strategic Context:

• Growth Potential: Part of a broader strategy to unlock organic growth potential in the region through ongoing exploration and development activities.