Report summaryHasdrubal is a condensate and gas field located in the Gulf of Gabes operated by BG. The field was developed through four wells and a single unmanned production platform and brought onstream in 2009. Gas and liquids are delivered onshore via a dedicated multi-phase pipeline to the Hasdrubal gas processing plant and LPG facility. The Hasdrubal development has a relatively high capital expenditure per barrel of oil equivalent. The high cost of development was due to increased drilling costs, the addition of LPG facilities and export lines in the workscope, and the delay in start-up. The value of the Hasdrubal development is enhanced by Tunisia's attractive oil indexed gas price. Production declined in 2014 due to major planned shutdowns for maintenance work. We assume that the field came off plateau in 2014 and that production will continue to decline.
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