Originally Posted by
upside_umop
Digger, to be fair, I think Tui was initially estimated a little less than they're getting out. Per NZOG's website:
November 2005: 26.8 mmbbls (Project sanctioned)
July 2007: 27.9 mmbbls (Pre-production)
27 August 2007: 32.0 mmbbls (Preliminary post-drilling review)
22 November 2007: 41.7 mmbbls (Detailed post-drilling reassessment)
21 May 2008: 47 mmbbls (Extension of FPSO charter)
20 June 2008: 50.1 mmbbls (Field reassessment)
25 August 2009: 50.5 mmbbls (Reserves Review)
September 2011: 41 mmbbls (Reserves Review)