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RE: TL at Alma
Today 19:54
No probs E121
OGA database is pretty current, certainly within several days...
Have seen stuff appear next day, i.e. new spuds etc
MO
RE: TL at Alma
Today 19:01
Cheers for that info, MO. Do you know if the OGA well database is a periodic update - i.e. the operator needs to report on the well status, say a month? I suppose it's safe to assume that it is not a real-time update?
RE: TL at Alma
Today 18:56
Good spot E121, also have Havila Venus en-route to TL (3 x AHTS vessels)
If to plan should give significant boost to Alma's prod figures, hope have some info in update...
Is good to compare... If look at OGA database and look-up licence P1765, can see out of 6 producers and 1 injector, only one is currently operating (K7)...
https://itportal.ogauthority.co.uk/edufox5live/fox/edu/WONS_WELLBORE_SEARCH_PUBLICWould be nice to see all operating prior to update...
Hoping for some Magnus and Malaysian well results.
Good luck
MO
RE: TL at Alma
Today 18:44
Yes, you can now see both Normand Ranger and Skandi Hera (Tugs) have started from Montrose, headed for TL and scheduled to reach at 4 PM tomorrow.
We're still unsure of an update next week, but it would be great to get one, preferably with an Alma update, although it's probably a bit too soon to make a good assessment?
TL at Alma
Today 17:45
MO - Spotted yesterday on Clarksons Platou site that Skandi Hera is fixed to Enquest from 17/08 (tomorrow) and presumably that's when she moves to TL and tugs her off to the Azinor site? Azinor's PSV for TL - NAO Prosper is engaged from 19/08.
If we do get an update next week - maybe that'll include an update on Alma + AK too. Here's hoping....
RE: Load #21
Today 14:36
I think you might be on to something Chilts...
AK's AIS is definitely off... Have a temp substitute Esvaght Champion, has realtime AIS !!! Is par for a significant milestone !!!
When AK comes back, she'll be roooooaaarrrring and signed-off...
MO
SquifPosts: 1,070
| Opinion: | No Opinion |
| Price: | 36.70 |
A little different today?
Today 14:26
A 3% push North but like most days looks like we Will return to the start blocks so keep the sp in straight jacket
SquifPosts: 1,070
| Opinion: | No Opinion |
| Price: | 36.70 |
RE: Load #21
Today 14:24
Hi chilts. Sorry - wishful thinking. I think that it has already been proven that it is a bum(i) AIS device ;-)
chiltingPosts: 2,901
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| Price: | 37.00 |
RE: Load #21
Today 13:57
Hello 121
At the Q1 update in May, Bumi anounced the full commisioning of Armada Olombendo after supressing the news for more than two weeks. They were heavily crisitised for supressing the news.
Bumi could certainly use the positive publicity generated as their Directors seem to be under quite a bit of pressure on a number of fronts.
RE: Load #21
Today 13:19
OK, no doubt they'll have to get in someAK news in that release. Ideally, they'd want to be spinning positive news on that day, won't they? Or an alternative, they'll state that the 'Sign-off is imminent'. At least then AB's (supposed) language and BUMI's, would be safely in sync.
MandrillPosts: 226
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| Price: | 36.65 |
SP
Today 10:25
Looks like a modest recent uptrend is being sustained so minded to get back on board. This used to be something of a gusher.
Chief concern is that ENQ is still running at a loss, however.
At least the spread is tight...
chiltingPosts: 2,901
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| Price: | 36.65 |
RE: Load #21
Today 10:18
One point of interest - it looks Bumi Armada will publish their Q2 results on Friday 24th August.
RE: Load #21
Today 10:08
LOL Chilts...
That brings back memories... Was switching from red to blue in marinetraffic, ghost ships, shadows echoes disappearing, was good fun learning...
If doing fun/fantasy speculation, would like AB to have hedged a few million for H2 at beginning of July. Have 2.5m already hedged at $62'ish for H2, so same again at ~$76 would have been good move, especially with new wells and Alma fix, help with RCF reduction payment, H2 production should be at least 10m barrels.
Can guess and wishful thinking, lol
MO
RE: Load #21
Today 10:05
Or here's another speculative thought. Ahead of the H1 update, they don't want mavericks like MO and Chilts snooping around and figuring out load hook up time, and other bits and pieces. And NO had her draught set incorrectly for a whole night and no doubt put MO through a sleepless night. Lol..;-) AB and JS are no doubt reading this board on a daily basis, and trying to stay one step ahead of this enterprising lot..
chiltingPosts: 2,901
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| Price: | 36.65 |
RE: Load #21
Today 09:54
Now this is speculation, but, during the trip over from Singapore and before first oil major milestones in the Kraken project were marked by AK turning off her AIS - her AIS is currently turned off - maybe we are in the final, final, phase of commissioning.
RE: Load #21
Today 09:50
Same to you E121
Will see for #22, when DC4 drilling is completed, DC4 -> DC3 flowlines to AK will have total 12 wells, will leave 6 wells on DC1 and 7 on DC2.
Maybe DC3 on one train and the DC1/2 on second train.
Will be nice to get update, can add some reality to matrix, lol
Best wishes
MO
SquifPosts: 1,070
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RE: POO
Today 09:46
Yes - that would be a big help. Lets hope that they can deliver on that.
RE: Load #21
Today 09:35
Morning MO,
Thanks for that update. That 12.6 draught certainly reads a lot better than the 9.6 from last night. If they did ring forward that maintenance shutdown to August, that's even better.
We can hope..;-)
RE: Load #21
Today 09:30
Hi Chilts
If British Cormorant draught is 12.1m (max for Port Arthur) will be a tad under 500k.
Hoping delay was part of planned weeks maintenance, possibly was related to DC4 plumbing in.
Probably building-up reservoir pressure again, is prudent to balance speed and performance with good reservoir management strategy.
Cheers
MO
chiltingPosts: 2,901
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RE: Load #21
Today 09:23
Hello Matrix
Excellent, hopefully another 500k + load them - much better, and hopefully the delay was the maintenance shut down.
The February update talked about up to one week so that could have easily fitted in.
RE: POO
Today 09:20
Squif - Talking about significant debt reduction, if you read the AR for 2017, you'll see that there is a significant repayment of circa $270 million coming up in October, on the back of the $50 million repaid early in May. As you may know, any amount greater than $890 Mill on the RCF carries a higher Libor premium of 5.25 PLUS 3.75% interest capitalised as PIK and added back to the RCF capital. Repaying this $320 million saves ENQ circa $25 million in cash interest payments on an annual basis PLUS approximately 8 million capitalised interest.
We're good as long as Brent stays up..;-) And production targets are being met..
RE: Load #21
Today 09:11
Hi E121
NO updated draught to 12.6m, with no ballast = 590k, 1/3 ballast retained (20k metric ballast) = 460k barrels oil and 1/2 ballast 30k mt = 395k barrels.
Looks like STS is to British Cormorant, so will make guess following transfer.
Also Stornes is back at Kraken field, must have needed more rocks, can see source if past track, with satellite background.
Good luck all
MO
SquifPosts: 1,070
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RE: POO
Today 08:59
Well chilts - poo has been elevated so lets hope that AB has Done just that. The 50m he announced was being Canceled from the revolving credit facility significantly missed market expectations last time so hopefully we Will get some real debt pay down. GLA!
chiltingPosts: 2,901
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RE: POO
Today 08:13
Hello Squif
Its no good navel gazing at the SP, high oil prices are the key to success and paying off Enquest's debts - the SP will rise eventually !!!
SquifPosts: 1,070
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RE: POO
Today 07:56
That is interesting chilts but poo seems to have absolutely zero impact on enq. The sp has been oscillating around 35p + or - 2 p for close on 3 months. The algobots completely control the sp.
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