Cost OverrunIncreased capital expenditure arises from the need to replace the subsea pipelay contract, suggesting budget overruns that could affect profit margins.
Project DelayTortue Phase 1 experiences a delay, with the first gas expected later than previously anticipated, potentially undermining investor confidence.
Schedule SetbackThe commencement of first gas from Tortue has been postponed by a quarter, which may impact projected revenue timelines and investor sentiment.