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Serica Share Chat (SQZ)



Share Price: 15.75Bid: 15.50Ask: 16.00Change: 0.00 (0.00%)No Movement on Serica
Spread: 0.50Spread as %: 3.23%Open: 15.75High: 16.00Low: 15.50Yesterday’s Close: 15.75


Share Discussion for Serica


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Beanup
Posts: 251
Off Topic
Opinion:No Opinion
Price:16.00
bank holiday
Fri 15:39
Be nice if Shell completes work on Monday - roll on Tuesday
 
deeko
Posts: 673
Off Topic
Opinion:No Opinion
Price:15.75
RE: ETAP
Thu 19:12
exactly bean, the platform is being upgraded, which lead me to the possibility of an extension outwards to the Columbus field by retro fitting. although its not my area of expertise hence asking the question.

I think it could be a viable route though considering BP are upgrading the ETAP fields and Mungo has the platform and the statement made by the BP north sea director on how satellite fields are essencial to the growth of the North sea.

I recall a field has a similar set-up, although the name escapes me...posssibly the Orlando field
john389
Posts: 1,001
Off Topic
Opinion:No Opinion
Price:15.75
RE: Reduction in stake ?
Thu 18:57
Thanks D220.very surprised the share not much higher given the cash and considerable oil production soon to be resumed !
D220
Posts: 112
Off Topic
Opinion:No Opinion
Price:15.75
RE: Reduction in stake ?
Thu 18:53
Yes. Reduced from over 3% to 2.75%. Someone has bought them though and the transaction that resulted in the change was on 16th Aug which doesnt look to have been a particularly high volume day...
john389
Posts: 1,001
Off Topic
Opinion:No Opinion
Price:15.75
Reduction in stake ?
Thu 18:45
Did the RNS imply a reduction in stake today as I noticed a spread bet was mentioned in the shares disclosure RNS?
Beanup
Posts: 251
Answer
Opinion:No Opinion
Price:16.25
ETAP
Thu 16:01
Lots of upgrade works going on this existing infrastructure to extend its life. Madoes, Mirren, Mungo, Machar are all existing. Not heard any rumour mill re Mungo route nor of any riser/topside separator availabllity, Can't see you getting a reply other than all options are being assessed as its sensitive. SQZ certainly has a relationship with BP and after Nambia withdrawal, has supported re Erskine. BP tranche of shares has now increased in value from 5p to todays price, so lets hope they continue to hold. GLA
deeko
Posts: 673
Off Topic
Opinion:No Opinion
Price:16.75
Extract regarding ETAP
Thu 12:49
bear in mind that the £170 will include all costs to fully develop these fields. ours is drilled and capped ready to go based off the Serica website.

BP, together with other co-venturers, has announced that the UK Department of Trade & Industry has approved plans to develop the Madoes and Mirren oil fields as sub-sea tiebacks to the existing North Sea ETAP platform, at a cost of around £170 million.
BP's Group Vice President for North Sea Operations, Scott Urban, said: "These developments are good examples of the relatively small field tiebacks which will underpin much of the future growth in the North Sea.
"BP and its co-venturers made a huge investment in the original ETAP development and these additional fields represent an opportunity to utilize capacity as the initial fields begin their expected decline."
The Madoes field has reserves of 30 million barrels of oil and 25 billion cubic feet of gas and will be developed with three horizontal wells tied into a subsea manifold. A single, multiphase pipeline will carry the fluids 19 kilometres to ETAP for processing.
The Mirren field has reserves of 13 million barrels of oil and 57 billion cubic feet of gas and will be developed with two horizontal wells and a 12 kilometre pipeline back to ETAP.
Onward transportation to shore is via the Forties Pipeline System for oil and the Central Area Transmission System for gas.
The two fields will add production of around 30,000 barrels of oil and 30 million cubic feet of gas per day to ETAP's current throughput.
Work will commence immediately with Shell operating the Madoes development drilling activity to draw on its experience of similar wells in the Gannet Fields complex. BP will drill the Mirren wells and conduct all subsea activity and the necessary modifications required on ETAP. Production is scheduled to commence in early 2003.
Business Unit Leader for BP's Central North Sea, Mary Shafer-Malicki acknowledged that a key factor in getting these developments approved has been the strength of co-operation among the project partners. "Good working relationships between co-venturers is critical to making satellite projects like these happen, " she said.
fiah
Posts: 770
Off Topic
Opinion:No Opinion
Price:16.75
RE: Volume
Thu 12:42
Don't think this is going to stay under the radar now
deeko
Posts: 673
Off Topic
Opinion:No Opinion
Price:16.75
RE: e-mailed TCW
Thu 12:32
The Mungo field is prettty much next to the Columbus field. Condensate also. seems like the next best shot is to connect into this and meter the production from Columbus?

Bean up, maybe you have some experience if this would be feasible?
ian67
Posts: 656
Off Topic
Opinion:No Opinion
Price:16.75
mr c
Thu 12:29
What a day to take a trip down the water. This is going to flow faster.




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