I have just read again the financial statement 2015 report from tgs (Page 6!!)..
And there we have some interesting fragments.
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Here what I want to highlight out of the above report (financial statement 2015 - page 6):
- full incread capacity was expected through 2017!
- low technical risk debottlenecking project!
- and captial costs of $25mio ("engineering and costing study")!
- expansion was made with the principal contractor!
So my thoughts and questions are:
What do you think about my thoughts vs tgs' report 2015? And have they done the expansion by their own that we don't see an ann. about insurance or warranty??!
- for the increased capacity we have still time compared to the above tgs' statement!
- it's definitively not a low technical risk project (as we have seen now!)
- and also because of the seen risks we have much more than the expected costs!
- there should be definitively an insurance/warranty if the project was made and constructed by a contractor! So IMO the construction faults and the failed design (construction) is definitively the failure of this principal contractor!!
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