Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Good post and more accurate than my last one but confirms general thrust of the argument. Poor Manana posts such a pile of crap on here it is ridiculous and delusional. Gas is very small potatoes. End of....
If the Seven Heads gas came from the same source rocks as the Barryroe oil then by definition there are less light hydrocarbons in Barryroe. That would tie in with the waxy oil in Barryroe consisting of higher alkanes. This is all completely moot. We have the estimates already provided, and no further appraisal has been done. The Wealden sands in Barryroe have 2C resources of 345 boe mid-case. 10% of that is gas. Since gas prices are about a quarter of oil prices per unit energy, the oil in Barryroe contains 97.5% of the value. Of course gas is going to flow with the Barryroe oil but at such a comparatively low value it's more of an annoyance to be dealt with ... apart from its potentially great value in greenwashing the project, which is exactly what we're seeing.
Of course they are going to drill down to find oil but if Seven Heads gas was directly above Barryroe where did its gas come from? Did it seep from below the 4,000 ft level where Barryroe starts? Possibly. KEL cannot drill down there but Barryroe can.
Providence are hardly quoting potentially 1 billion barrels of oil by drilling down the strata but the chances are they will also hit gas if Seven Heads defunct gas well is directly above it. Oil first but potentially gas as well. And what about the side track drill which is to test compartmentalisation? Can't see that being for gas either but might encounter it.
However, when they drilled Barryroe in the first place they were not looking for gas back in 2012. They had to go through the Seven Heads gas field to the 4,000 ft mark which is where Barryroe starts and found oil. But large amounts of gas just happened to be there which Petronas could not use Seven Heads gas field to get at because it was too deep. For example, the Seven Heads Gas Field lies directly on top of the Barryroe oil. So how did the gas get there? If KEL could drill lower in Seven Heads I am sure they would have had plenty of gas but now Seven Heads is exhausted. But they had only license to drill down to 4,000 feet as below that belongs to Barryroe - very strange. Here is the definition.
"According to Providence, the new license has been renamed Barryroe to avoid confusion with the Seven Heads gas field, which is partly situated above the deeper oil accumulations. Part of the Barryroe acreage lies beneath the Seven Heads gas field, with the boundary between the two concessions lying at 4,000 ft (1,250 m) subsea."
So where did the upper gas come from? Surely lower down where the Barryroe oil also exists. And if the Seven Heads pipe network is in place why would Barryroe not use it if after the drilling they find more gas further down?
PVR needs a partner to drill appraisal wells in the better understood upper sands, with a view to planning for near-term production. The project already has its own known challenges, such as maintaining the waxy oil at sufficient temperature to keep it flowing. Gas separation is another known challenge. That doesn't make Barryroe a gas field.
'what happens if they drill the other strata for oil as stated? Will they find more gas there?'
Very good question!
' if you develop Barryroe as an oil field what happens to the gas that comes out with it?'
But you're not suggesting drilling deeper in Barryroe only to look for gas - are you?
A few "inanities" about the gas in Barryroe.
Interesting. You scratch the dog and a dose of fleas jump off his back such as Scharnhorstt who never posts more than about ten words and a real big flea in JH77 who utters absolute claptrap and makes a number of mistakes. All probably ******ed with some syndrome such as "big mouth".
By the way, ps200306, I hope LSE checks my posts as they can read how you have been trolling some poor devils in your other one and only share and review your posts such as your comments to "Jez". Whether you like him or not you are not entitled to make the comments about him which you did on numerous occasions. Would you like me to refresh your memory again?
Since when was Barryroe only an "oil project"? Why did Providence buy 40% of Kinsale in 2009 using its subsidiary EIRGAS primarlily as a gas storage system when Kinsale runs dry as it will do next year, 2021. Read and learn:
https://www.breakingnews.ie/business/providence-acquires-40-stake-in-kinsale-head-gas-field-426382.html
As for being small, Barryroe is about 25% of Corrib and not 20% and it is about 10,000 times bigger than Kinsale which is now exhausted. Furthermore, the 200 billion cu.ft. of gas in Barryroe is based on current estimates so what happens if they drill the other strata for oil as stated? Will they find more gas there? If they estimate Barryroe could hold 1billion barrels of oil, on a pro rata basis that would mean there is as much gas in Barryroe as there was in Corrib.
And when you consider that they can develop the gas for probably as little as $25m as the infrastructure is already there that compares to the $3.6billion it cost to develop Corrib. And that without any NIMBY(s) getting in the way.
And look how cheap it would be to develop using th Kinsale infrastructure not only for drilling it but also for storing it.
Also what has happened since 2013 is that Kinsale now has a full plan of decommissioning approved by DCCAE for its four gas fields approved in April 2019 which means Barryroe, if they were interested in using the Kinsale infrastructure for the ga,s would need to know plan before tried to acquire it or to share it with Petronas, hence the comment in the last RNS regarding using the Kinsale infrastructure. Why reinvent the wheel?
And since we have a load of experts here then please answer this (which I am sure you won't), if you develop Barryroe as an oil field what happens to the gas that comes out with it? Environmentalists are now campaigning to stop all gas flaring by 2030 but you can be sure it will apply to Ireland immediately. Brid Smith will see to that. And, by the way, flaring 200 billion cubic feet of gas would be smelt all the way to Cork.
So what is your solution to the gas which is intermixed with the oil? I await your responses.