05-23-2013, 01:57 AM
Yea, and although this is from memory, I think currency (Kina) appreciation was also an important part. Having said that, Aldorf at Marathon in Equatorial Guinea is still the exception to the rule that these projects have a habit of running over time and over budget, but as JFT points out, IOC is learning from Exxon's mistakes and has easier terrain and a single resource to deal with, rather than five or six in the highlands with Exxon/OilSearch.

