In January 2010, BG Group and its partners, Petrobras and Repsol, signed a Letter of Intent for the construction and leasing of a Floating, Production, Storage and Off-Loading (FPSO) vessel for the Guar development on BM-S-9 in the Santos Basin. The FPSO, with a production capacity of 120 000 bopd of oil and 175 mmscfd of gas, is expected to start up in early 2013. The lease is for a 20-year term.
I know this is clutching at straws but all three of these companies have been bandied about as possible farminees, and I know BG are already here but could we have a partnership of Repsol and Petrobras as a group farminee. If we are talking about 2 partners then this would surely delay things 10 fold ?
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