They're going to farm-out based on a combination of positive attributes from both Ice 1 & 2. This we know and dw has confirmed. Whether and how successful they'll be is something none of us non-industry folk will truly understand. Elements such as stimulation of the HRZ and science within the rock are what prospective larger parties would be interested in and of course flow. We're some where in the middle? The biggest factor in our favor (IMO of course) is the price of oil. This is why dw and 88 are still in a strong position. A lot of big players are looking onshore once again...note below from an article yesterday. Those little oily beacons from Ice 1 will be mighty attractive regardless of having to make a few attempts, when compared with what it costs to extract off-shore. 10 wells for a major player is small change. It could quite possibly occur by years end.
The San Ramon, California-based company is the latest veteran North Sea producer seeking to scale back its presence in the 50-year-old North Sea basin, where production has been on a steady decline since the late 1990s.
BP, Royal Dutch Shell and ConocoPhillips have all sold assets in the North Sea in recent years.
The assets include the Alba, Alder, Captain, Elgin/Franklin, Erskine, and Jade fields as well as the Britannia platform and its satellites.
Chevron has in recent years focused its efforts on rapidly growing its shale production in the Permian basin in Texas as well as the giant Tengiz field in Kazakhstan.
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