Total has also not let the contract for the Egina FSPO yet. When they anounced they were acquiring it they stated that it had excess capacity so other area development could be tied in. There is only four prospects in OML, the forth is north of Akpo, south and west of Akpo is Egina, south-west of Egina is Egina South and south of both Eginas is the JDZ - block 1 & 2. They said they could have tied Egina into Akpo but chose to have its own to acomodate other area development - think Total isn't confident of what they'll find in block 1?
I hope it all works out. You would think that there is some oil down there somewhere. I was shocked that SNP took 5 stabs at it and could not find oil. I know some think they are hiding the info...or something like that. But that's all we know so far.
At least Chevron found some oil and Total could certainly find more. Then it comes down to blocks 2-4. It will be interesting.
This next year between Total and the Chad assets we will hopefully get several events that could boost the sp.
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