05-15-2013, 12:56 AM
'Palm' pid='22388' datel Wrote:Thanks Pet; one of the many comments he makes in this that is great is that IOC's project is only for the "Big Boys" and then he names off Exxon, Total, Shell and possibly Chevron. Says the government is wise taking their time and getting it right with the right partner for IOC. "These Big Boys know how to do a project like this, get it financed and have the gas sold right away". So majors=supermajors=Big Boys
Yes, he says the Major Operator will have the gas sold before construction begins. That is how they can get the financing approved by the banks. Assurance of gas sales and financing is the key to getting these projects built.