Erm ceilingcat XEL themselves told us that in the 2013 results RMS of 27/3/14, ceo 2013 overview para 2 ref the new licences and their potential to feed Bentley as diluent.
In March 2013, we were formally awarded licences over blocks 9/4a, 9/8b and 9/9h, through the 27th Licensing Round. These prospects lie to the east and south of Bentley and are a deeper oil play in the Lower Palaeocene, Maureen Sandstone which we believe may contain a lighter crude. In the event that these prospects prove to be commercial discoveries, they are close enough to be tied back into Bentley and would support Xcite Energy's current strategy to use the Bentley infrastructure as a hub to develop the surrounding prospects in a cost effective manner during the phased development programme. This lighter crude could be used as a diluent for the Bentley crude during production. That same month, we also received an extension over the Bentley licence until 30 September 2014. We have worked closely with the Department of Energy and Climate Change ("DECC") in recent months, and have received confirmation of a material extension to the Bentley licence until 31 December 2016, in order to facilitate the continued progress of the Bentley field towards production.
I am well aware of Xcite's agreement with BP, recently reiterated at the AGM. The subject came up in discussion when HB suggested it might be possible to use oil from Bentley or the surrounding area as a diluent.
But, Chillax .... BP are to take care of the diluent supply
"" For the initial phase of up to three years under the amended agreement BPOI will deliver diluent products in-field to Xcite Energy for blending with the Bentley crude to maximise its value prior to offtake by BPOI, subject to BP offshore operational standards being met.""
and yet you chose to quibble with me on the number of tanks in the FSO rather than disabuse LEGENDS of the notion that the size of the FSO means that Bentley will be a heavy oil hub for nearby fields.
HB - It may have been mentioned in passing before as an option, but it is my understanding that you can't just use lighter crude pumped out of a well for diluent, so it's not as simple as it sounds to mix with lighter oil from any future discoveries in surrounding area. Love to be proven wrong on that though if there is anyone knowledgable on diluent here.
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