RE:RE:RE:FPF-1 valueDoug, no I don't. The annual report for 2013 may say something. The valuation can change, perhaps it has a greater value sitting over the field rather than in a port in Poland but in the scheme of things it's small stuff. Generally the asset will be depreciated over time, I'd guess many years (20) but again the AR should have this info.
I haven't looked at the contract detail for many years but as I recall Petrofac took on the build costs of the FPF-1 for a fixed cash payment from Ithaca and another party in return for around 20% share in the field, leaving the ownership of the beast with Ithaca and the other party. An interesting point is what interest Petrofac has in any future fields, if any.
As it turned out a great deal for Ithaca, perhaps not so good for Petrofac.
Londoner7