Sò I don't quite understand the economics behind Mitsui/Beach and MRE building Waitsia size production facilities. Beach's half share of Waitsia ( plus exploration i guess) is $600-$650m for 125Tj per day = $5.2m per Tj
STX announcement states $30m development cost for 34Tj per day or approx. $1m per Tj.
So this shows its worked out 5 x cheaper building small scale. Or 5 times quicker cost recovery. Another 3 Walyerings (120m capex) and we surpas Beach's share of Waitsia.
Given this I can't see how CE arguments of the large production facility stands up? Or I've got something wrong?
Ann: Walyering Reaches Payback & Operational Update, page-70
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