Its a very strong economic case to lure the partners in so that capex investment payback can be achieved relatively quickly.
If BSX can have a 51% ownership of the Downstream with minimal capex investment <250 million for the entire project (both steams) that would be a good win for shareholders.
This will form SW's legacy in a positive or negative result. But he must keep dilution low leading up to the Final Investment Decision.
Ann: Project Financing Update for the Ta Khoa Project, page-67
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