RE: Oil Prices above 81$ for the next 12 months22 May 2026 21:30
Yes, I saw the nine TCFs in Cyprus.
With Leviathan, Aphrodite, Tamar, and North Nile Delta, that makes a large number at sea, and therefore, as you say, very high operating and capital expenditures, in addition to immediate taxation exceeding 60%.
And under fire from Iran and its proxies; proof of this is that they've already targeted the British airbase in Cyprus.
In short, the complete opposite of Guercif onshore, where each TCF must be worth three times as much as the other offshore vessels.