RE:RE:RE:RE:RE:RE:RE:RE:RE:Year end true up To your last question I'd take a look at this article:
https://www.energy.gov/articles/hows-and-whys-replacing-whole-barrel
Plenty of disrupters, I mean I've never read an article about using whale oil 100 years from its first use. Times change, and they will but oil will have its place for some time. Economics will dictate that.
I actually enjoy dissenting opinions (all welcome) but I would put it this way, the Nigerian asset has infrastructure in place (FPSO) with multiple fields that can be easily tied in. These are also way more immune from internal Nigerian strife and sabotage. The biggest problem is debt which while serviceable over a couple years is the reason we are flat. The investments made, while great from a diversification and capital appreciation front will likely be monetized. This when it happens will clear the overhang of the leverage taken on via the Nigerian deal.
In terms of Kenya, everyone wants out. The Kenyan government tried to put the cart in front of the horse and will likely end up with 0 eggs from the golden goose they thought they could trap. Only at state sponsered entity like CNOOC can bring them to the table before they bend them over it.
2 cents