Yep incredible after all this time to review RC speak on these old YouTube shows. They do at least have the EWT results and production wells in place, a far greater 1P reserves figure with more to come to move the RBL up, just got to get the ba**s together to get moving on this, stop dreaming of the appeareance of a phantom major. Not sure about duty holder, probabaly AMEC, though thought XER had applied to DECC to be approved in that role previously, no news since..
Yep, we need the information as to DECC/FDP/RBL can be completed with a contractor led Alliance and a rig be put out there to start drilling wells, autumn hopefully, followed by a mooring system, FSO and platform later. Forget Statoil and dreams of jv from that source, times up, back to 1a/b with any luck. Get the new scheme in place for announcement prior to the AGM, they just have to dust off/update what they already were talking about four years ago..
One begins to wonder with all this seeming vacillation on the part of other oilcos to become involved in Bentley, is it just money and a deal at the right price, or perhaps do they not comprehend the technology that got XEL to prove up the successful EWT results and are fearful of jumping in. XEL has from what they have reported on so far, got it wrong re the gap up in the development programme they proposed, nobody seems to want to jv, at least at the right price and stake. Statoil have got it wrong in that the Bentley test data clearly put someone's nose out of joint there. Potentially billions in development costs saved for Bressay and other fields, delays, surely the guy(s) who proposed that scheme deserve to be fired, but may not be if the arrow falls near the top of the tree, probably promotion looms.. In the meantime, serious plan re-hashing going on, and they are up to the review period on part of their lease. And BP, hoping for millions in HO Bentley barrels cheaply flowing their way, have to stand on the sidelines watching ongoing flagellation at both parties, and the venture stalled for now, even a risk it could thereby be snapped up elsewhere on the cheap with frustrated stockholders abandoning ship..
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