Oh I quite agree it should not be like that, RC's taking a punt, especially as the FSO and MOPU, key omponents also for the field are nowhere in sight and won't be until the FDP is out of the way and funds released, or a.n.other commits to their construction first with the MOU operators.
As I believe though there is a.n.other(s) in the wings re Bentley from somewhere NE of Singapore and/or E of Aberdeen however that gives RC the confidence to sound off about the rig. The kinda kiv look of the pics, though hardly surprising, gives credence to waiting out events, as would be the sensible thing for an owner to do absence any contract. Remember also this unit was begun in advance of any MOU with COSL, intended for North China use, that does not seem to have happened so awaiting Bentley still seems the logical conclusion. And as XEL have mentioned the terms they seems to be on for that unit do look to be quite advantageous compared to the RN in better times.
Yes but the whole thing is obfuscated by the very strong hints that" the rig" is being built exclusively for XEL,Anyone can express interest in someone building something, the proof of the pudding is in , not just the eating but the buying! The bod should just tell holders the truth, and explain the situation with the rig, it`s all smoke and mirrors , hope and mistrust .
What's the view on how long these might take? I'm guessing these were going on tentatively in parallel with diligence and now are full blown! Big decisions involving large sums of money take time, but usually the salesman offers incentives to get the deal done? If azinor come up with the data on the other area and it shows positive, could a % of the other area be thrown into the BENTLEY deal, say 10%,15% which would leave XCITE with 35 ish but BENTLEY FDP/funding done?
Anyone seen a sign of a contract to build one, or a drop in the cash signifying stage payments. Someone is building a rig all right, but there again Rolls Royce are building cars on spec too, not one for me though.
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