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RainBowChaser
"If 7z was coning aquifer then when this well is "shut in" would it not be reasonable to expect that due to the connectivity and relatively close proximity the 6 well would draw on the aquifer as well ?"
No.
If 7z IS coning (and I don't believe it is) then it would probably only be towards the
toe which is lower than the 6 well.
"The new policy, which could come as soon as this week, will rule out future loans and financial guarantees for polluting projects overseas through the UK’s export credit agency, UK Export Finance, just weeks after it agreed to a £1bn financial package to support work on a gas project in Mozambique."
Report out today in Energy Voice 13/08/2020, 9:14 am
"Islamist forces appear to have seized the port of Mocimboa da Praia, in Mozambique’s gas-rich northern Cabo Delgado province."
Maybe they should have invested the money in a more stable environment ... the Falkland Islands perhaps !
BigBear2
" 2 wells churning 12k abs all of a sudden the neighsayers are quiet."
They can not produce more than 20k/day until they find a way to deal with the gas other than flaring.
I agree with Aduk ... I just can't see them making a mistake on OWC when drilling vertical wells being as they pretty well invented well logging way back in 1928.
"Conrad Schlumberger (2 October 1878 in Guebwiller (Alsace) – 9 May 1936 in Stockholm) and Marcel Schlumberger (21 June 1884 in Guebwiller – 9 May 1953 in Val-Richer) were brothers from the Alsace in France. Their inventions in the area of geophysics and well logging were the beginnings of Schlumberger Well Services and the entire well logging industry."
On the other hand, being 100% accurate with horizontal drilling is a bit more difficult. It seems to me that if a mistake HAS been made then maybe it's 7z that is deeper than thought rather than OWC being higher.
Genghis15
Just because they fired Dr. T doesn't mean he was wrong and they were right.
Maybe they'll have to ask him back one day, just as they did Steve Jobs at Apple.
http://www.edibleapple.com/2010/11/21/the-story-behind-steve-jobs-1985-resignation-from-apple/
This is a message that I posted in middle of July but I think it's worth another look considering all the talk of OWC.
I find it hard to believe that they made a mistake as to the depth of the OWC level when carrying out the original vertical well drills.
Maybe Dr. Trice is right about perched water all along.
"bartlebobton
That's a very interesting article that you linked to.
https://www.npd.no/en/facts/publications/reports2/resource-report/resource-report-2019/the-challenging-barrels/recovering-oil-from-fractured-basement-rock/
When Dr.Trice talked of perched water, I envisaged a pool of water way above the aquifer that #7 had drilled into.
But looking at the graphic, it shows that the perched water is probably in a vertical fracture and #6 missed it.
If that's true then the perched water should hopefully eventually drain itself out."
Hope this doesn't screw up the Zama sale.
https://www.bloomberg.com/news/articles/2020-07-29/mexico-to-consider-energy-opening-reversal-after-2021-amlo-says
BoosterRooster
You wrote :-
"Gates was kicked out of Kenya after sterilising women via a vaccine."
What Idiots believe such rumors ... oh! yes, you do.
Woodstock1970
The reason that Boris is so concerned about obesity is that he's convinced that it was his own weight problem that almost caused him to die from the Corona virus.
Woodstock1970
You wrote "I am also worried about the debt, the American shale companies have."
Why ?
CaptainSwag
"the possible downgrade is on contingent resource estimates
I agree.
Even if the downgrade is 50%, half of 'a-hell-of-a-lot' is still ' a-lot' !
Here we go again. The Attorneys General of Minnesota and Washington, D.C., recently filed lawsuits accusing oil companies of covering up climate change for decades. Last winter New York state finally lost its anti-Exxon legal crusade, after nearly four years of investigating. A Democratic-appointed state judge tossed that lawsuit, calling its claims “hyperbolic.”
The new cases, against Exxon Mobil, Shell, BP, Chevron and Koch Industries, dredge up old internal documents, but they look political from top to bottom.
I think that the Oil Co.s should issue a joint statement saying :-
"We totally disagree with your accusations but, as a goodwill gesture, we all promise to refrain from shipping any more hydrocarbons into Minnesota and Washington, D.C.
That includes the following :-
Gasoline for your cars
Diesel for your trucks
Kerosene for your aircraft
Natural Gas for heating
Fertilizers for your agriculture
Etc. Etc.
We look forward to your response."
Someone posted this as a comment in Daily Telegraph.
In 14 years we won't be able to buy new ICE vehicles, no. But those vehicles will still run for another 15 years at least, and replacing them with electric alternatives will require the sort of investment that poorer nations won't have. The upshot is that ICE vehicles will still dominate personal transportation globally for decades yet, and given that transport isn't even the largest consumer of energy anyway, the global market for oil and gas will therefore remain dominant for decades yet. The only technology that might have the ability to actually displace oil and gas is nuclear power, but we seem intent on not doing that.
This is why the 5 largest fossil fuel companies have spent over a billion dollars since 2016 promoting renewables. They know that as long as public policy supports renewables as the preferred replacements for oil and gas, they'll stay in business.
Also, here's a snippet from a report I read recently on the practicalities of this mass-conversion of our transport and energty systems:
"Lithium batteries have finally enabled EVs to become reasonably practical. Tesla, which now sells more cars in the top price category in America than does Mercedes-Benz, has inspired a rush of the world’s manufacturers to produce appealing battery-powered vehicles.This has emboldened bureaucratic aspirations for outright bans on the sale of internal combustion engines, notably in Germany, France, Britain, and, unsurprisingly, California.
Such a ban is not easy to imagine. Optimists forecast that the number of EVs in the world will rise from today’s nearly 4 million to 400 million in two decades.A world with 400 million EVs by 2040 would decrease global oil demand by barely 6%. This sounds counterintuitive, but the numbers are straightforward. There are about 1 billion automobiles today, and they use about 30% of the world’s oil.(Heavy trucks, aviation, petrochemicals, heat, etc. use the rest.) By 2040, there would be an estimated 2 billion cars in the world. Four hundred million EVs would amount to 20% of all the cars on the road—which would thus replace about 6% of petroleum demand."
Keep in mind that the replacement rate described is the most optimistic of scenarios, requiring massive state-backed investment, the wholehearted participation of industry, and a mass-conversion of consumer behaviour. The real adoption rate for EVs will almost certainly be smaller.
The techies on this board all seem to agree that the ESPs should help with the water cut.
But I'm puzzled as to how ?
A pump is just a pump .. it doesn't separate oil from water.
FunkySausage
You wrote "I'm pinning my hopes on the Cambridge/Zenica crew"
I think you're going to have a long wait ... the vaccine is being developed in Oxford. NOT Cambridge !
adoubleuk
littlened wrote "Buy one more share to 'average down'"
I think the real reason was that it was a lot easier to double up by buying another share than it would be to change your name from aDOUBLEuk to aSINGLEuk !
In order to make the EIA report more meaningful. it would help if they also mentioned total U.S. Oil imports and exports ... 2 things that affect the total draw.
I was under the impression that in order to graduate from AIM onto the main board, a market cap was required that is much higher than Hurricane currently has.
bartlebobton
That's a very interesting article that you linked to.
https://www.npd.no/en/facts/publications/reports2/resource-report/resource-report-2019/the-challenging-barrels/recovering-oil-from-fractured-basement-rock/
When Dr.Trice talked of perched water, I envisaged a pool of water way above the aquifer that #7 had drilled into.
But looking at the graphic, it shows that the perched water is probably in a vertical fracture and #6 missed it.
If that's true then the perched water should hopefully eventually drain itself out.