RE:This Delay Does Not Help Petrofac Either
No, the delay does not help Petrofac, but it certainly does protect Enquest who would have been very exposed to an Ithaca pumping Stella oil later this summer. Petrofac and Enquest seem to work very closely - as though they are one company at times since the de-merger, long term contracts for Petrofac at Enquest recently announced - now what were the unofficial terms?
Paranoid nonsense perhaps. But I cannot stress enough how well within petrofac's scope the FPF-1 refitting is. For them to delay 7 months, very much giving the impression that they were 'kitchen sinking' the timeline so as to be certain of sticking to the schedule thereafter and then to delay a further 10 months - something is not right here.
Doug