Kudu gas field operator BW Offshore is seeking to reach an FID for the upstream portion of the long-delayed Namibian venture in the first half of 2018, contingent on discussions with a financing partner, the company has said.
BW still faces counterparty risk given Namibia’s sluggish economic prospects, and it will need to obtain insurance guarantees from third-party institutions to tie up the plan, sources have told Interfax Natural Gas Daily.
The company signed a gas-purchase agreement (GPA) with Namibia’s state electricity company, NamPower, at the end...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up