Exploration & Production | Deals - Joint Ventures | Forecast - Production | Capital Markets | Capital Expenditure
Pacific Rubiales Announces 2015 Capex; JV in Mexico
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Pacific Rubiales Energy Corp. has announced its full year operational outlook and guidance for 2015.
All amount values in this release are in U.S.$ and all production numbers are expressed in net after royalty volumes, unless otherwise stated.
2015 Outlook and Guidance - Key Highlights: Production of 155 to 160 Mboe/d, an increase of approximately 5 to 8% over expected 2014 production levels. A base case average WTI oil price assumption of $70.00/bbl during the year and the 2014 average Brent-WTI benchmark price differential. Oil price realization is expected to average to approximately the WTI benchmark price assumption. EBITDA of $1.9 to 2.1 billion and Funds Flow (Cash Flow) of $1.45 to $1.55 billion. Exploration and development capital expenditures of $1.5 billion, with over 80%…Finish this article — free account or subscription
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