Thanks Dpe.Always good to hear youre informative comments.Much appreciated I think All on this site value youre wisdom and knowledge.I agree nice to see BP back although im.not sure the crystal ball us working. Glad you are enjoying retirement but do keep posting. Xx
Hi Noosking The short answer to "is QFI going to work" is absolutely, and I've got more than 1,000,000 reasons and counting to believe it will. Should it fail, it will not be so much the money lost , but more of the potential dreams that didn't mature.
I am confident that the Aramco pilot project is a no brainer, firing MSAR in a furnace is already well proven and MSAR is a much better quality product than straight HFO bunker C. I believe Alstrom already gave it approval (but I will stand corrected if I'm wrong on that point). We have personnel in the management team competent in burner design and power plant commissioning and project management.
If Aramaco sign off on this then I'm confident that the power side will be a feit acompli and oil majors will be knocking at the door.
The Marine side LONO is another matter, whilst I am confident given the operating parameters of MSAR2 (better operating requirements in terms of viscosity and temperature) far exceed that of HFO there is still a lot of substantial testing followed by inspections by the OEM's, but I will go with Ian's 99% estimate of success. IMO reduced cylinder liner and piston ring wear rates will be one of the focal and penultimate points the OEM's will be gauging as a mark of success amongst others.
Regarding the oil price turmoil, it's in a real politically manufactured upside down tiz waz, and with Iran determined they want to flood the market with 1,000,000 barrels per day of crude, well let's hope some common sense prevails.
The upside IMO for QFI is that we won't be going commercial this year or at least the earliest possible with KSA could be late Q4 of this year so time is on our side for an uplift in the price of oil, and the well pronounced fact the it's the spread of HFO versus diesel is where our market lies and not the price of crude.
Regarding retirement, when my buddies return to work on those long haul flights in cattle class starting with the very early morning red eye flights..... Then I know I'm loving retirement😀
Of course success with QFI will give retirement a big lift ( perhaps I can buy a retirement villa on the ozzy Gold Coast)
Here's to wishing, nice to see you posting again BP... As a LTH hang in the there and follow the dreams.
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