Petrofac Get's No Bonuswith the new departure date....................... that at least makes me smile. Production is up and not in decline as some have mentioned. Looks like they are calling for 16,000 barrels to Ithaca from Stella so total production should be in that 25,000 boepd which is pretty solid. Knocking our dept down is huge and we still have some fairly good hedges still in place.
Looks like the FPF-1 is a thing of beauty so overall the wait is worth it. No use rushing to get to the field and then try and finish construction issues out at sea..................... now that would be frustrating.
Hold the line and wait a bit longer for the prize.