No, Statoil suspended, not shelved, Bresay for review as any sane company would do, because XEL's facility and development figures at $3.5bn were near half their projected costs for a similar volume of oil
Tell me, why do you think our capex costs are HALF the amount that Statoils Bressay are with a similar amount of recoverable ? Nothing to do with our IP?.............................wake up!!
Please don't be so pedantic, shelved, suspended you know exactly what I mean!
No, Statoil suspended, not shelved, Bresay for review as any sane company would do, because XEL's facility and development figures at $3.5bn were near half their projected costs for a similar volume of oil. Of course the run out of the lease prior to extension being agreed also contributed to further delay in them proceeding, without the the cost review why would anyone commit to that sort of expenditure with the lease also in jeopardy. They've had the lease extension approved, the cost review, including Benley's well data analysis, has clearly been of use to persuade them to move ahead.
BP/Statoil looking at 60 % plus now, 50% on 27% does not seem to imply much worth for the vaunted SKIP, it looks to become a negative.
What so Statoil shelved Bressay when they are "looking at 60% plus now" recovery rates?? Why would they do that then?
It's all about the "above average production" that our data showed to Statoil and that's why they shelved their $6.5 billion plans.............(ie above average production = we can get the oil out quicker)
Well surely as you were promoting 2016 not so long ago as a start date for production, while the BoD four months ago was promoting optionally 2016/17, and castigating me for saying 2017 more realistic with the plan they had in mind, you would be concerned as well if this comment of RC's was factual from the horses mouth that he is now saying 2018?
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