Just a thought guys...... Declaration of commerciality.
Once they do this they are committed to development.....fair enough and that would no doubt have a timeline attached to it . What they are doing now is all work required for the planning of development of the field and why rush to bring in a time constraint with the POO so low?
No one in the industry knows for sure when the Saudis will let up so practically there is no rush to commit to development at this point. Perhaps this is a contributing factor to delaying them from declaring the field commercial ?? Despite the fact that the figures we are getting really do confirm commerciality if you read between the lines.....to string it out makes sense to me.....albeit it frustrating in sp terms.
Just at thought and I apologise if its already been raised....been hell busy and haven't thoroughly read all posts .
Food for thought anyway .
Cheers
Trev
Just a thought guys...... Declaration of commerciality. Once...
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