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InterOil Corporation Message Board

  • iocwhatmew5 Nov 9, 2012 8:56 AM Flag

    Floating, Fixed or Modular???

    Floating, Fixed, or Modular – What the story morning glory?

    This question is impossible to answer at this point in time and this is why. Interoil has a shortlist of bidders (4-6) and each bidder has put forward their proposal for how the project is going to look. For example:

    Exxon may only have a stripping plant in the Gulf and then an expansion of their trad plant in PM.
    JKM may be in favour of a modular approach.
    Shell may propose to build a stick built in the Gulf plus a floater.
    The point being, until IOC gets the final bids and then selects the winner, then and only then will we know what the configuration of the Gulf Project will look like.

    Sentiment: Strong Buy

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