Production TimelineManagement's pursuit of first production by the fourth quarter of 2026 establishes a clear operational target that, if achieved, would unlock cash flows and reduce execution uncertainty.
Project Cost ReductionAdopting an offshore storage and treating vessel and pursuing the onshore pipeline option could materially lower project costs, with estimates suggesting nearly $1 billion saved versus an FPSO approach.
Regulatory AuthorityPHMSA asserting regulatory authority over the contested pipeline provides federal backing that could enable the preferred onshore pipeline route toward first production.