P1000,
agreed. except an FPSO will probably require some sort of minimum term contract to be signed up to prior to production (i.e probably no 'option' like they had on the Tindalo rig/FSO contract).
In the case of these high risk pinnacle reefs, they probably can't accurately guess when water will break through. In which case, getting into an FPSO contract may be risky.
$100k/d seems cheap for an FPSO - do you have one in mind?
restart, page-10
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