this would be one of the main reasons IMO that the JV will want to press on into development, the cost of the FPSO will be falling dramatically
Meanwhile, more existing FPSOs – now without any contracts – are available for work in the lackluster oil and gas market. In fact, the number of idled FPSOs rose to 17 after BW Offshore announced Jan. 22 an agreement with Ithaca Energy Inc. to mutually terminate the contract for FPSO BW Athena in February. The company’s FPSO BW Athena, in operations at the Athena field in the UK Continental Shelf since May 2012, is “now being marketed for new opportunities” despite BW Offshore acknowledging Feb. 7 that it faces a challenging market where “redeployment of units coming off contracts will be affected by the reduced number of new developments.” -
See more at: http://www.rigzone.com/news/oil_gas/a/143307/Murky_Outlook_for_Floating_Production_Market_Light_See
n_in_2017/?all=HG2#sthash.T3yBCMSY.dpuf
HKP
FPSO Yards under stress
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Last
51.5¢ |
Change
0.025(5.10%) |
Mkt cap ! $47.59M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 52.5¢ | 48.0¢ | $164.4K | 328.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28930 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 9744 | 1 |
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| Last trade - 15.55pm 27/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |