The PDQ is now a PU and Teekay are now taking the cost of building Quarter's on the Servan FSO unit as Rup said at the presentation. The Gas supply is no longer needed from the Bentley gas cap. So they don't need to drill it anymore.
Cosl with regard to the new reality of the oil price. As will others. http://www.cosl.com.cn/data/upload/month_201412/20141210e.pdf The Company has prepared itself as a comprehensive oilfield services provider with a leading cost advantage, and relying on its financial strength, strong international competitiveness and flexible operation, the Company has the ability to adapt to the changes of its customers under the new market environment.
The cost just seem to be going down recently. No wonder Rup seems to be confident.
In line with Teekays intention to commence their one during Q1.
23 Sep 2014 Arup is working with Xcite Energy Resources Plc, Amec Group Ltd. and Aibel AS to optimise its ACE platform design for the Bentley Oil Field located in the UK Sector of the Northern North Sea. The project has now moved into the Pre-FEED (Preliminary Front End Engineering Design) stage following the successful completion of the conceptual design and assurance scopes of work.
The Bentley Field is located on the East Shetland Platform in the UK Northern North Sea. The oil field is one of the largest undeveloped fields in the North Sea and will deliver over 35 years of predictable production.
In addition to Xcite, Amec and Aibel, Arup is working with Teekay Shipping Norway AS and other key stakeholders to create an innovative infrastructure based development concept for the Bentley Field, based on proven technologies for the drilling, production, storage and offloading of the oil which reduce the overall project risk profile.
Marthason, don't really understand your question about the separation of fluids. What is it that you find entertaining ? Oil, gas and water are produced. Are you not aware of processing ? Did you think that they only produced oil ? In fact, oil wells don't usually run dry of oil, the water cut just becomes too great to remain economic. You can ask ugiebear, I'm sure he'll confirm this.
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