Plans for Development
The operator's current field development plan envisages an initial six well development scheme, with a small platform with compression facilities, tied into the WNTS pipeline. An additional two to three wells, as a second phase, is to be drilled later in the field's life in order to maintain plateau. The plateau production rate is envisaged to be up to 150 MMscf/d which is a significant increase to the rates initially envisaged.
At the southern end of the field, over the structure's crest, sits the Mako Shallow prospect. This again shows a very strong direct hydrocarbon indicators on seismic, conformable with closure in shallow Muda sandstones. The Shallow Muda prospect has potential to add a further 100 Bcf of recoverable resources and a very high CoS of 75%.
Following the successful appraisal campaign in Q4 2019, the Mako resource estimates were significantly upgraded to 495 bcf 2C and with over 800 bcf 3C. This upgrade has a material impact on the project's overall valuation.