Botchee
Good point in your original post as to why FIRB approval might be required.
Drilling several wells plus arrangements to accommodate future implementation of an integrated LNG project might get the "potential" value of the deal above the FIRB $219mil threshold.
That said, I expect the farmout deal will include a clause where the farminee can surrender their stake to MEO if the first well is a duster.
firb approval, page-6
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