As the Bressay development will almost certainly be a mirror image of the Bentley FDP. The service companies will see that working on Bentley will get them a foot in the door to work on the statoil fields. There is lots of heavy oil left to extract in the North Sea and these companies must see the opportunity here.
If only it was that easy - sucking the oil over km's from a single point. Being joined demonstrates the fields are alike. They still need to develop both fields. Lots of wells across the fields required.
It's a very significant piece of news (hence why I decided to post it up yesterday for some Easter weekend cheer!)...
I think its a double whammy of great news, first obviously that Statoil are proceeding with Bressay, but more importantly that they have viewed our data and are changing their plans to a "phased" approach most probably!
What a testament to our expertise that is in my opinion.
Now what about this "un-compromised" IP , will they need that also? I hope so.....
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