KAR 1.89% $1.30 karoon energy ltd

exxon/karoon, page-9

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    Not just the deep sea drilling, but think of the deep sea facilities. Subsea manifolds, long stepout tie backs with flexibles up to a FPSO or running a long large bore pipeline back to shore. It's expensive business.

    Installation costs are usually the majority of the expense on these projects and at a typical 500k per day day rate of a vessel you're looking at a hefty chunk of cash compared to Bob the builder's excavator and a few Cat 537 pipelayers.

    I don't think we can compare these two.
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