I wonder what this will cost.
They reckon the cost for phase 2 is US$3.5b.
I notice the modules for drilling are already made.
https://www.offshoreenergytoday.com/peregrino-ii-drilling-facility-modules-set-sail-for-texas/
Plus KAR will be up for 40% of what's already producing.
That's a lot of money for a company with US300m in the bank.
If the story is correct KAR will already have funding in place one would think.
News: KAR Brazil's PetroReconcavo in talks for Petrobras onshore fields -sources, page-39
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