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Alias Born 12/21/2014

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Sunday, 12/21/2014 9:05:54 PM

Sunday, December 21, 2014 9:05:54 PM

Post# of 4141
Is deep water drilling entering boom times?

Shell has unveiled plans to build the world's first floating offshore natural gas platform (BBC news). The 600,000-tonne behemoth - the world's biggest "ship" - will be sited off the coast of Australia. They even have plans to build more.

Processing LNG on a floating platform above the well head hundreds miles offshore verses building pipelines to shore will give deep water drilling a big boost.

Do you agree?

My personal opinion is that RIG is a long term play that could result is huge returns. Even if management falters, RIG will be scooped up by someone and likely at a premium.
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