BHP has spent north of US$100M on seismic and then signed up with Otto (among others) to drill a large wildcat. There will be no serious drilling for decades in the Philippines if a large major gets stiffed over something like this and has to walk away from this expenditure.
What? You no pay?"
Ah, you wait for ricence for verrry roongg time......
cinco not looking good, page-12
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