Share
205 Posts.
lightbulb Created with Sketch. 1
clock Created with Sketch. 31/12/16
07:23
Share
Originally posted by Cmmdties
↑
I would not underestimate the amount of work being undertaken in the Australian Oil and Gas industry at this current time even with depressed prices. The bulk of the work is currently being undertaken by Woodside with their current exploration program and the development of Greater Enfield set to provide work to Offshore vessels from mid next year. This will provide Mermaid's vessels contract opportunities and guarantee their Dampier supply base continued use as King Bay is not sufficient for the amount of scheduled work.
Expand
Yes, they are the vibes I am getting Cm. From past experience when these downturns turn, it happens very rapidly. There will be a distinct air of absence and silence from the doomsayers when this occurs and investors will be wondering what all the fuss was about.....welcome to the oil and gas industry!
