The reality of low OP and reduced activity in the o&g sector, should be seen as a plus for far. We all agree that the price will recover in time and demand will outweigh supply.
Far now has an opportunity to appraise etc at reduced prices, with rigs sitting idle. Oil in the ground is still better than stockpiling on tankers.
Many have mentioned China, India especially! Senegal is stable and appeals to growing economies as they try to secure long term supplies.
If senegal production is ready in 2 years, IMO , what is happening now to far sp will be a joke best shared at jp's mansion.
Keep an eye on Cairn, page-2
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