FAR 1.00% 49.5¢ far limited

As operator FAR would have the final say and as the deal has a...

  1. 13,460 Posts.
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    As operator FAR would have the final say and as the deal has a cap and structured in a way that FAR benefits from lower costs , then FAR will have a big interest in what drill ship is used....it will depend what is the best deal and if Petronas even own any Rigs or has any avaliable....I'm sure the Stenna would be the rig of choice if it's avaliable and close by, preferably with the same crew....

    As one well is a more expensive well due to mobilisation costs, it will be interesting to see if the JV can tie in with BP or KOSMOS for example and spread the mobilisation costs around...the fact the well is later in the year may suggest that they have a rig or a plan in mind already...they have also got to organise the support vessels to coincide...

    Cheers Whisky
 
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