psi81,
You make some good points. If my memory serves me correctly, Pluto was built with expansion optionality for either WPL well discovery and/or processing another's parties gas. (think Scarvorough and Hess fields) The fact that WPL was never able to reach a commercially acceptable agreement with other parties is very interesting.
Continuing this theme, the 4 pillars plan for BHP could see Scarborough come up for sale. BHP has a 50% interest, the other 50% is owned by EXXON. I would suspect that Exxon would have FRoR, but WPL could see it as an intermediate growth strategy.
HT1
leviathan near, page-72
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