20-50 YEAR PERIOD
Successful developments should be carried out in the most cost-effective way, without compromising high safety standards, and with regard for the environment and local communities that may be affected by our work. Production can last many decades.
INVESTMENT BY IOC
Investment to maintain maturing production.
Monetary value for host country from production tax and royalties.
Cost effective production provides high-margin cash flow to the IOC. Cash flow for the IOC is dependent on oil price and expenditure.
Continued local employment and use of local suppliers to support production operations.