1. The “Field System” would cost $1.5 billion and the “Expert System” would cost $2.2 billion. The Field System would consist of 300 wells in three fields, a treatment facility to upgrade the oils, and an operations center to support production. Independent consultants estimated total proven probable reserves of 917 million barrels per day using known technologies. The Expert System would consist of a 670-mile pipeline buried under 1 meter underground. The sponsors agreed to buy all of the output of market prices is proportion to their ownership shares. Production would end by 2032 where the project would end.
The sponsors would use corporate finance for the field system and project finance for the export system. Such, structure would invo
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