Petrofac update on Stella On the Greater Stella Area (GSA) development in the UK North Sea, recent development well activity has further de-risked the initial annualised gross production forecast for the field of approximately 30,000 barrels of oil equivalent per day (boepd), 6,000 boepd net to Petrofac. We continue to advance construction activities on the FPF1 modification and anticipate first production from GSA in the third quarter of 2015. We have also updated our forecast of profit from the project in the 2015 start-up phase to reflect reduced oil price and our latest view of overall project cost.