RE: Getting Oil form the F.I. Versus the U.A.E3 Jun 2026 07:33
Norrie the cost of shipping oil in bulk is insignificant once you get a VLCC.Z
Things like composition and cost of refining are what count. The Middle East can priduce vast amounts of crude at v low cost. 55k bbl a day from SL won't even move the needle
NAV can't really do much about a second FPSO until they get some production results from Sealion OR they do a lot of appraisal on another of the discoveries whilst starting up SL
That means a second rig and that won't be cheap. Somone coming in that basisi would want a very good deal I suspect