Should add on the capex bit, there r 2 options for CVN's 20% 1)...

Should add on the capex bit, there r 2 options for CVN's 20%

1) USD380-440mil out of the gross USD 1.9 - 2,2b mentioned by STO (Nov'19) for a new FPSO, 6-8 wells, gas miscibility, platform with Dry-trees

or

2) Less amount in case they opt for a redeployed or leased FPSO. (not sure abt the exact figure but a guestimate of gross US1.1 to 1.4 bil mark)

Will leave that for later part of next year once FID is done & a final Capex figure is known.
AC can deal with that bit & the Insto's when it comes to getting funding sorted (via the usual Debt/Equity path).