Sour crude

lse:pmg

#1

I was looking into the argument that the sour crude associated with the Perth and Dolphin area makes the project unappealing and found this 2015 article

http://www.oedigital.com/energy/oil/item/10143-unlocking-potential

It seems that the FPSO plan has been put on the back burner in favour of the tie-back to the Scott platform. Given the lifetime of the fields and platforms, in this area, expressed in the article you would assume that it’s really in Nexen’s interest to work with PMG on this project.

News on the Nexen investigation, a TRACS update or some service agreements could really give this some momentum. Over 50p at this time… so hopefully this is just the start.