Member Info for adoubleuk

drillordrop,

"are you an ill informed pensioner with way too much time?"

No, I'm an exceedingly well-informed pensioner, but one who doesn't draw a pension and instead lives on his accrued investments and savings from a lucrative lifetime career at the sharp end of the oilwell drilling industry.

Sometimes I think I have 'too much time', but it allows me to do things like play seven (or more) hour poker games, one of which I'm just back home from, and poker pays the rent.

drillordrop,

" why is an offload important? The wells are delivering lots of oil, currently. Delivery is irrelevant, reserves are what is important."

Now you really are showing your stupidity. An offload is important because the FPSO only has limited storage capacity, and if it reaches that limit before the weather allows for a safe offload, production will have to be reduced or even stopped completely until the offload can take place. Which is never a good thing. Such events can be considered as 'downtime'.

" Hence the discussion on watercut"

Given that you are unable to understand the desirability of uninterrupted production with offloads performed regularly (cf the above), which I'd have thought a five-year-old would deduce easily, I reckon the odds of you understanding a thing about stuff like 'watercut' are millions to one. Against.

Longwait,

"The giveaway was his ridiculous remark about rescue boats, which even my friend Double appeared to take seriously."

I object. I can't be bothered to go looking at my past posts for the relevant one, but I only replied to TsD's absurd penning to point out that calling the vessel in question a 'rescue boat' was stupid.

The fact subsists that the 'Seawell' has been chartered for unspecified work starting next month, and it'll be interesting finding out what her exact duties will be. Another thing which I have no doubt will be more fully explained at the CMD.

drillordrop,

"Why so angry? Is it that you’ve lost so much money and can’t understand why? I was trying to help "

You really are a bit of a ninny. Don't you realise that when anyone writes 'I'm only trying to help' or something like that, nearly everyone realises that the person must be lying, and in fact their motive is quite the opposite of 'help'.

Why do you make people angry? Maybe because they don't suffer fools gladly.

Joe,

"aduk:
jfyi, Premier are drilling on Solan next month with Transocean Leader."

I wish 'em the best of luck.

Alexios,

"Sorry my response back to you in a hurry."

No sweat, just a little misunderstanding!

But personally I reckon any eventual tieback of any future well to Premier's infrastructure is pretty much of a non-starter idea. The relinquishment of Strathmore indicates that HUR isn't interested in that bit of territory, and frankly I wouldn't be surprised if PMO don't close down Solan as a loss pretty soon, anyway.

All just personal opinion, of course.

Alexious,

"So this is a no goer.
Thank you adoubleuk"

I read this and hit the ceiling! But then rapidly back to a soft landing on my sofa.

Because from your first phrase I thought you were implying that GWA (and HUR in general) was a 'no-goer'.

But then saw that wasn't what you meant.

But yes, I believe that a tie-in by Hurricane (or Spirit) to Solan will never happen, nor even be seriously countenanced. It's worth thinking back to some 2016 interviews that Dr Trice gave, regarding Lancaster being a 'focal point' for quite a lot of WoS development infrastructure. It had a nickname, the 'Hurricane Hub'. In essence, I don't think I see anything changing about that, though it may be a few years hence.

Alexios,

I see nobody's replied to you.

"Did anyone thought of why can they not plug Lincoln Crestal producer to Solan platform? Solan has 28kbopd capacity and the field is currently producing around 2800bopd. Surely Premier would be interested to utilise Solan for extra income???"

Premier might be, but why should Hurricane / Spirit?

Check out how much Solan has cost Premier so far. It's a f***in' white elephant, and part of the reason for their debt. The thing's losing money by the day, and ought to be decommissioned asap, but that'd cost 'em yet more.

Though if Premier decide to buy Centrica's share in Spirit, that might change things. But I very much doubt that will happen.

lonestag,

"so the the Glen Lyon can unload...why not the Aoka?"

I'm not an expert on this. As regards people who post here at the moment, it's Cebo1 who's best placed to answer. but my guess is that it's something to do with relative vessel-movement. The GL is HUGE, with a specific mooring-system. In comparison, the AM is 'smaller', and the moorings are quite different and in the AM's case, far more 'dynamic'. Meaning she moves around a lot more, also changing heading, etcetera..

Also, the GL is in deep water, with big swells coming in, admittedly. But the AM is in 'shallow' water over the Rona Ridge, where those already big swells get amplified to wave heights far greater.

Nowt to get worried about.

MCB55,

I agree with Cap'tSwag. Good post,

I hope you'll have noticed that in my own on the subject, I mentioned a possible technical reason for no LC tieback this year is an optimistic one: maybe just wishful thinking on my part.

But we're obviously thinking on the same lines regarding it all possibly having something to do with the Spirit / Centrica selloff.

It mustn't be forgotten that it's not all of Spirit being sold: just Centrica's portion of it. And of course it's unknown where an eventual buyer will want to focus uppon: WoS or elsewhere.

It's also just occurred to me that in the absence (so far) of a CPR relating to the GWA campaign, Spirit is unable to honestly put an asset value on their JV with Hurricane, so prefer to leave that to the buyer's judgement as a 'clean slate', so to speak, with no forward commitment to continuing the HUR partnership, according to choice.

BlackHopper,

"Why the F can't they tie back Lincoln Crestal to the AM? "

I posited a few guesses about this a week or so a go. One guess was that it might be something to do with the offload agreement aith BP, but I've now rather dismissed that idea, because surly that would have been something discussed even before the initially planned tieback became news.

Maybe it's in some way related to Centrica selling its stake in Spirit, , but if so it'll be arcane boardroom stuff where even guessing would be a waste of time.

I'd still like to think that it's due to something quite prosaic and technical. The Lincoln crude is lighter than that of Lancaster (making it yet better quality!), but there may be a problem with intermingling two different crude types in the AM's production train, or again, how to handle the commercial side when it comes to offload.

The fact that Hurricane has been (still is?) negotiating with OGA for an extension indicates that they're no happier with the P&A than we are. If such an extension isn't granted, it would be unfair of the market (in my opinion) to lay 'blame' at Hurricane's door for that move, or to assume that there's something 'wrong' with the GWA. Though since when has the market been 'fair', or employed rational thinking? Lincoln P&A will instead be no doubt leaped upon by the naysayers and derampers as further ammunition for their popguns.

It's a question, however, that I feel DR Trice will be utterly obliged to address at the CMD, no matter what the outcome.

I can't help wondering if OGA hasn't been leaned-on or otherwise pressurised by some unknown third party or parties for reasons equally unknown in this respect, but that's a different question and possibly potentially dangerous if not libellous, so probably best not speculated about too much. In the past, HUR seems to have had an excellent relationship with OGA, the out-of-round granting of the block license extension all the way up to Halifax in 2017 being a case in point. It would be unfortunate if that's in some way changed, and would again raise some questions.

Ten minutes before I sign in to my late-night online poker tournament, but another thought has occurred to me here, while banging on the keyboard.

I've kept the same thread-header, but maybe should have started a new one called simply 'closing price'.

I wonder. Could it be because of news regarding the 'interventions' on GLA doing the rounds? Or simply people thinking 'I wouldn't want to be IN this over the weekend'?

Either way, it's rather interesting.

Monday is obviously going to be mayhem! The opening price could go either way. All of Monday, come to that, methinks. Going to sit on my hands 'til Tuesday or Wednesday...

BTFATH1,

Firstly, I note the number of posts to your name, which is not inconsiderable, so I have to take notice!

Secondly

"Exciting times at this level what an opportunity"

For a few days now, I've been wanting to post "Now the Fun really Starts!', but have held back from doing so. But I guess your phrase does the same sort of trick.

Hey! It's just occurred to me. Maybe I should 'switch camps' a bit, and start saying that Dspp is right, that anything up to 30% watercut from one well is a sign of imminent disaster, that the CBS are going to put a stranglehold on finances, and that Greta Thumbsuck is going to stop my local filling-station from stocking diesel and thus prevent me from driving my Rangerover to poker-games tomorrow.

Heck! Maybe start predicting a 5p SP on Tuesday!

Because like that I could buy far more shares than I already intend to, next week.

The trouble is, I'm an honest man...

lonestag (et al),

The 'Seawell' is almost legendary, definitely the first of its kind, and great to see she's still working, despite age. I recall seeing her in Aberdeen port during one 'oil slump' year (1988, I think) when I was on a brief visit there. Impressive piece of kit.

This is a part of my reply via PM to someone I was with in correspondence earlier today on the subject.

"My gut feeling is that it may possibly for doing some well abandonments. Whirlwind has to be abandoned now the license has been relinquished. Lancaster 4z has been left suspended for years, but is now serving no purpose. And Dr T has indicated that whatever happens next on Halifax will be with a new well rather than a re-entry of the old one.

A 'tidying up' operation."

I underline that this is purely a guess on my part. If I'm right, though, it's quite doubtless OGA-related, and possibly some sort of 'new requirement'. I don't know if regulations have been changed recently or not.

I must admit to some wishful thinking, that being that OGA might have declared themselves willing to grant a Lincoln suspension extension (for technical, even downright 'scientific' reasons) in exchange for Hurricane cleaning up some loose ends! But I do suspect that's just grasping at straws.

No doubt the derampers will jump on this 'news' like jackals on Monday, maybe citing it a a sign of Hurricane 'giving up'. Whereas myself, personally, imho etc., I just see it as some overdue 'housekeeping'.

And anyway, if you're planning to put your house up for sale, you want it to look spick-and-span, don't you? ;-))

Lonestag,

".the ship booked is a Dive Support Vessel"

Sorry, mate, but no it ain't! The 'Seawell' is a lot more than that.

We must have been writing at the same time, because I referred (cryptically) to those permits. And I was in PM with someone else about possible reasons behind such operations (and what thay may be) this morning. Give me a minute and I'll repost some of what I wrote to him.

In my just-posted message. I missed out a punctuation mark which makes a big difference. Read instead

"whereas it isn't: simply quite a logical progression"

Nothing like having a healthy colon...

Beerbull,

"Given the indisputable fact that there is oil in place & currently flowing at 20,000 bopd, surely & I speak as a non oily, that HUR are more than capable of mitigating & I dare say have already anticipated any hurdles."

Imho, yes.

downbutnotout,

"oil price gonna soar this evening."

So what?

In the past, there have been some people who tried to make a case for the HUR shareprice being closely linked to the price of crude. This LSE BB isn't sophisticated enough for posters to include pictures and graphs, etc. to illustrate such arguments, but others (and also private websites) are. So they posted such stuff there.

Some of those people became banned from this BB by LSE. Also from another private site from which myself was thrown out for having blown a certain whistle. And the owner of that site (once a frequent contributor here) no longer posts.

Various names are getting thrown about here today, but I'm not going to do so. And sorry, Wellwell, but your sudden mentions of Nanoco here have completely blown your cover.

Yes, this SP is being 'manipulated'.

F*ck the FCA. I think I'll phone whoever does the 'Prufrock' column these days in the FT instead. I was in frequent contact with that desk when a certain scandal broke out (with severe repercussions) regarding a company drilling wells offshore Greece, a project on which I was working offshore as consultant DSV. No names, no packdrill. And I was just a 'hired hand'. But The company got run out of the country by the government. Not me, though, because I was retained by the Greek company which took what remained of the operation over.

'Prufrock' never published, because mutually we decided that we weren't prepared to face large men in black coats with sinister bulges under our coats coming knocking on our door in the night.

But that was back then. And the whole issue was about an 'oilfield' being hyped as the greatest thing since sliced bread, when in fact it was dryer and tighter than a nun's private parts.

(And haha! I've got a clandestine copy of the logs still here at home to prove it! But I'm no longer worried about the men in black coats.)

What's happening here with HUR is similar, but the inverse. I firmly believe that there is a deliberate 'movement' to stifle the company and its oil discoveries by whatever means. Misinformation via the press, share-price 'manipulation', whatever.

I've mentioned it before in previous posts, but I think we're seeing the same as when Dyson went up against Hoover.

"Manipulation at it's very best. This is a share which should be investigated. It's so blatantly obvious." (Diver69)

"If it is so obvious and you have evidence, you should contact FCA/FSO immediately." (robone)

Ah. But who audits FCA? I suspect Vladimir Putin Financial Services ltd, or someone like that. The FCA is as about as effective as an ashtray on a motorbike. A quango paid to be asleep.