TommyBoyTrader

[elks]

n"FEED" WORK IS BEING DONE AS WE SPEAK. HANKS IS SPENDING 2 MILLION OF HIS OWN MONEY TO GET THIS COMPLETED. BASICALLY THEY ARE PREPARRING THE "QUOTE" SO THE FINANCIERS KNOW WHAT THE NUMBERS ARE. VFUELS KNOWS HAT THEY ARE DOING AND ITS ONLY A MATTER OF TIME BEFORE THIS IS A FINALIZED DEAL!

Concept Definition, or Pre-FEED, adds a further level of detail to the short listed options identified in the field development planning phase to achieve more precise definition, a better cost estimate and, ultimately, selection of a single option for FEED.
Activities in Concept Definition are chosen to address the development's circumstances and can include:
Process scheme optimisation
Reduction in optionality using targeted studies of particular aspects of design
Finalisation of field architecture
P&ID initial development
Layout development
Issue of enquiries for long lead or high cost items
Cost estimating and economic assessment
Project schedule enhancement
Preparation of survey scopes of work, tendering and management of the work
Engagement with other work groups and third parties to reduce uncertainties e.g. drilling, reservoir engineering, tie-ins to other facilities, regulatory authorities, buyers of products.
Development of risk mitigation plans
Project Execution Plan and contracting strategy finalisation
Basis of design update
Commencement of the ESIA process
As a result, the development enters FEED with a single, well defined option. The development's major design issues have been decided; risks and uncertainties are understood; the cost estimate, budgets and schedules are clear and complete.

https://www.ustda.gov/news/press-releases/2017/ustda-connects-us-technologies-opportunities-nigeria


SHORTY HAS MADE IT VERY CLEAR THEY NEED TO COVER BY FRIDAY....BID WAS OVER 2.8 MILLION TODAY...LONG AND STRONG $MMEX!!

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nice board chris ... MMEX ......