'Palm' pid='20785' datel Wrote:All we have to do is look back at the JVOA for IOC and Mitsui to see what this means. "Rights and obligations" of each party ....... including FID. This is big to now have government approval for PRL 15 for the LNG project. Means any final bidders already have agreed to this.
Mention of FID in release and Wayne's comments today of continued pre-construction spending which will speed construction and help control costs are big deals.
Mitsui/IOC KTA was signed early Jan. 2010.
It took 8 mos. to generate and execute the Mitsui/IOC JVOA. That time period is not ahead of us.
This JVOA has approval and needs only to be merged with bidder and chosen scheme info.
There has been mention of ongoing FEEDs for each scheme and each bidder has shown ability to finance and these proposals have been approved by DPE.
Costs are likely known in each competing scheme.
We could whirlwind from LNG partner(s) selection to FID in no time.