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TT
sounds good on reservoir, your right.
What news do you see being issued next?
Production plan detail and funding for Djeno would be great soon
The PSC talks seem to be going on for ages, I understand why, but must be close to finalisation?
CPR is a one shot pistol , hope they issue at the right time for full effect
I believe the size of the 14m reservoir is known from seismics but we dont really have access to that. The Djeno is very extensive so it will be more than big enough. Also we wouldn't be looking to produce from it unless it was sizeable
TT
Do you know if we have we been told the reservoir area for the 14m of Djeno from seismic ?
cheers
Drewky, agreed. A pipeline will be the longer term goal but for now we need to start producing that Djeno oil ASAP and get the cash flow flowing.
Pipeline would probably be the more cost effective long term but certainly we can be earning much quicker by trucking it through. Quality of the road network would play a part in that decision perhaps
If we get to 5,000 bbopd, can we still truck that? Well, let's see.
Typical oil trucks go up to 43,900 liters. That is about 37 mt per truck at API 36 (845kg/cbm).
A bbl of oil has 158.987 liters hence that truck can hold 276 bbl. At a production rate of 5,000 bbopd it means only 18 trucks per 24 hours or a Truck every 1.5 hours.
Would be crazy to build a pipeline for that.
If the refinery is an hour away it takes a truck 3 hours for a round trip (half hour filling, hour drive, half hour discharge, hour drive back). That means at a production rate of a truck load every 1.5 hours you can do this with 2 truck on a continuous rotation. Add an additional truck (or two) to cater for delays on the road. Add a couple of buffer tanks (2000 cbm total) to cater for 2.5 days of production in case of delays, road blocks or so and we're on our way.
So, the answer is yes, we can easily truck 5,000 bbopd to a refinery which is about an hour's drive or so away. Why build a pipeline which hold delays to build, and costs.
MS