in Iraq - at $7M per well: By John Lee. According to a report from Reuters, Anglo-Dutch Shell has signed a $210-million contract with US-based Halliburton to drill 30 wells at the Majnoon field over the next three years. The contract is expected to raise output at the field from 220,000 barrels per day currently to about 400,000 bpd in three years. (Source: Reuters)
C'mon Jon - blow just $7M of our $100M cash at bank (y'know - the loot earmarked for your Incentive payoffs) and confirm just how big Shaikhan is - and/or use the well to add to our flagging Production. This is NOT Rocket Science - neither should it be a Cloak and Dagger AIM game run by the faceless ones.
Donald is king maker as US military are backing kurd independence. Sinopec have no chance door is closed. KRG now have to deal with Trump if they want security. US oil will be looking to take control of Kurd oil price to pay for military help.
to think that the KRG is putting up blocks for sale (some of them ours, kindly donated by JF) later on this year. You would think that the KRG would be moving heaven and high water to ensure payments and some back payments to encourage the extra investment. Let's face it, only the Chinese or the Russians are going to be interested in these blocks now as no Western business model would be able to justify putting money in the way things are at the moment.
Perhaps the KRG are stalling payments in relation to the negotiations regarding selling our own oil. If that's the case then surely GKP and other producers should have put a backstop on time frames. If not, get together with producers and sort one out. Schoolboy business solutions. Laughable.
No-one around to sign our (late) payments cheques then. Excuse is: all (the extended Bar-z familly/the Haws/our MP) are Guests of Honour at The Donald's bash. Back Monday (Sami - double check our MP's expenses please).
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.