tiof development concept

I'm surprised that Simon's comments yesterday on Tiof did not get more attention. From yesterdays meeting report-

"Tiof development concept. Expected to be a Tension leg Platform or SPAR with integral drilling capability. Phase 1 to access 40 m barrels from 6 wells @ 50,000 bpd. Possibly linked to FSO for storage."


To clarify, the intention is to have a rig that can both drill and produce, and once one part of a reservoir is depleted can move on to another part. So 40m barrels is just the first phase in a process designed to access different parts of a complex structure.

I didn't have any mention of a timescale for an announcement on this, but it sounded to me as if it was a high probability of being adopted.