We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi Noix, not hugely surprised TBH, especially on a play opening well.
Perhaps you could accuse them of not being bullish enough given the offset exxon wells but then on the flip side had they been dry then the regret costs would have gone up and they would have taken flak for that. its not like there is a ready available oil services industry in guyana to draw from either to hedge your bets.
reading the Exxon timeline on their website, they only tested Liza-2 and not Liza-1 the discovery well. Funnily enough they haven't mentioned testing any of the other subsequent wells. so yeah, not hugely surprised they didn't conduct a DST
dexcel
Just saw yours as I was signing off :)
I'm obviously more cynical about GH's motives that you are.
Are you not surprised they didn't undertake a DST, even of a short duration ?
listening to it now, noix,
i presume the bit that got your interest was when he says the sample was obtained very easily. implying that it was good quality oil.
It can just mean the sample was pumped out easily, implying there was little formation damage and/or losses to the formation. We recently spent six hours across an interval pumping off drilling fluid before we were able to obtain an oil sample in a recent MDT run. that wasn't a great result as we are paying for the rig this whole time and effectively you are doing nothing .
it also imply the the perm and porosity are very good so which from what i understand is the case.
i would say it is difficult to imply that a reservoir fluid is of good quality on how easy a sample is obtained. it tells you more about the quality of the drilling and of the reservoir.
“probably worth nothing how vital Kraken is to enq - it is their single biggest asset heavy oil producing”
Approved and half way through development when oil prices crashed - Kraken very nearly finished Enquest, it’s highly unlikely it would have been sanctioned in today’s oil price environment.
Bressay was shelved and Bentley took XEL under and no one seems interested since.
Sorry for the delay- pate on toast:)
The previous thoughts of many of us re GH in interviews, have now been confirmed and he now comes with a serious wealth warning.
Being pragmatic, I bought my first wedge at just above these levels and even if we were back to square one, which we aren't, then there's still plenty to cautiously play for. That said and at the risk of repetition, we have been seriously let down and misled. GH in that interview almost gave the impression that they had Red Adair on standby.
Perhaps the biggest lesson of all is that nothing is a dead cert in the O&G exploration game and my thoughts immediately return to the Verbier appraisal well. JOG came back strongly from that disaster (which was a nailed on)and let's hope that in time ECO will do likewise.
GLA
On reflection, I don't see any point in submitting to the Aim regulator and I've got plenty of other things to do.
GLA
probably worth nothing how vital Kraken is to enq - it is their single biggest asset heavy oil producing
Me again,
Got it now (still raining/sleeting) :
- from poster BrightSpot on Weds . He seems to be 'connected' , referencing as source 'the boys in Ace's Bar, Georgetown' (google is your friend, if you want a flavour....):
"Firstly to get news of heavy oil at this stage, months after the two drills, is very disappointing. I KNOW FOR A FACT THAT OIL FLOWED TO SURFACE ON BOTH DRILLS AND NOTHING SUGGESTED ANY FLOW ISSUES ON THE DRILLS.
All heavy oils are not the same and reservoir characteristics play as much in the flow assurance as does the oil gravity.
Anyhow, none of this is good news "etc
ATB
Hi noix,
Again Devil's advocate : at that stage (24 hours), I doubt whether Gil would know API (as I think dexcel has suggested) and even if he did, he couldn't draw API quality comparisons with Hammerhead because (as I queried earlier) they don't appear to have been disclosed to the market yet.... a lot more than 3 months later.
He talks about Hammerhead other characteristics, which HAVE been disclosed eg oil column .
ATB
PS it's raining , so no olive harvesting today. 150 Kg so far (by hand) , which with a 20% recovery factor gives about 30 lt own, organic oil....
Hi noix/dexcel,
Thanks for the link.
Gil says - the day after the discovery - that the oil flowed easily, as did a poster referencing the Georgetown sports bar (can't locate him atm), who may have first-hand experience.
But you'd expect that from a high pressure/high temp well, wouldn't you, even if it turned out that on cooling it became more viscous ?
OTOH, wouldn't the high sulphur fail the 'smell test' ?
Just playing devil's advocate.
ATB
I don't know waht happened there. let's try again:
dexcel
Thanks for that but if you haven't seen this interview it might be of interest, given the events of the past few days.
Listen to the bit around 1min 30 secs for instance and ther'e a mention of Hammerhead around 4 minutes in :
https://www.youtube.com/watch?v=rfyJEDLszDA
dexcel
Thanks for that but if you haven't seen this interview it might be of interest, given the events of the past few .
Listen to the bit around 1min 30 secs for instance:
days:ttps://www.youtube.com/watch?v=rfyJEDLszDA
why? because there would have been no flow test on this well. its a discovery well. they are rarely tested. it is too expensive to make that provision in case you make discovery given that most exploration wells are duds. that's the purpose of the follow up appraisal well. discovery wells will have open hole logs and downhole fluid samples taken usually and that's about it. the fluid samples are pressurised and need to be taken to a lab for analysis as the info they contain in that state is more valuable than if they are open at the rig floor and API obtained. 2 months delay in getting this info is pretty good going to be honest. and you can bet they repeated the tests several times once they got the initial results.
what other analysis? you will be getting full gas, oil and reservoir fluid compositions, you will be getting differential and constant composition expansion results, you will be getting viscosity results, you will be waiting for wax composition and pour points, SARA analysis , various flash tests etc. there is quite a lot to get.
Normal practice is flow rates and API, would have been announced in the discovery rns for each well result
Still now mention...why?
The ECO RNS, 4th paragraph states that “the complete fluid analysis has not yet been received, .....,however initial results suggests mobile heavy crudes”
So, what other analysis are we waiting for