I don't believe that STO would delay FID just to bleed CVN (or...

I don't believe that STO would delay FID just to bleed CVN (or the Taiwanse) for a cheap takeover etc. Their considerations are much bigger than securing some relatively small commercial advantage over a JV partner. And IMO FID will occur only once STO is ready and has all its ducks lined up in a row re nature of development, costs etc etc.

Also, as a few others have posted, STO will likely want to sell down some of its Dorado equity pre-development, not because of the asset quality (which is first class) but rather because large oil co's generally prefer to share development risk on these large developments, rather than taking too much risk themselves to individual Projects.

GLTA & DYOR