Carnarvon Energy has reported that design and engineering work for the production facilities for the Dorado Phase 1 liquids development continues to progress as expected.
Engineering and subsurface studies have confirmed the project will initially produce between 75,000 and 100,000 barrels of oil per day (bopd).
“The Dorado liquids are an extra light, sweet product with externally provided market analysis indicting sales are likely to achieve a premium to Brent,” the update from the company said.
Studies have also confirmed that associated gas can effectively be re-injected into the Dorado reservoirs to maintain pressure, thereby maintaining strong production rates.
The gas will be available for production as part of a subsequent development and has been incorporated in the basis of design for the facilities.
Detailed design for the production and injection wells has been completed, with tenders issued for long lead items required for development.
Final capital cost definition is being undertaken as pard of the front-end engineering design (FEED) process and will be finalised ahead of a final investment decision (FID).
Applications for regulatory approvals have been submitted, with the production license expected to be granted ahead of FID.
It is anticipated the Dorado project will be FID-ready by mid-2022.
Carnarvon managing director and chief executive Adrian Cook said the company would share further progress updates in the coming months.
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