Member Info for Cebo-456

Hop hop hop , not top. Bloody spell Check.

On the top.

Some here need to chill a bit. The first rope snagged and the second (the spare) failed for whatever reason. When the first one failed then they ordered another one, so we are already nearly 3 weeks into the procurement on at least 1 rope. All that is fact, not opinion.
There is also a chance that BW are already going all guns out to beg, borrow or buy anther rope, I would be surprised if that were not the case and then it's wait for another weather window and then hopefully all systems go for a third attempt. And for all you know we may get some news soon on the GWA Drills, update on move to a main market, news of new licence/s awarded to Hurricane or something else that could catch a few on the top, rope watching.

Spots should read Spitz'.

Undisclosed, but shouldn't be any more than 150k a day for a short hire in my opinion. - I though it had been cold stacked but obviously not - out of interest, who is looking at that rust bucket.?
I think on the last TO update, the Spitsbergen is costing Stat about 250k a day , so I am guessing it is nowhere near that, although the Spots is on a long contract..

Still very much under the radar - that will start to change soon. RNS tomorrow or even later today from Gill acknowledging the Exon discoveries will be a start. £1.00 before the drilling would be good and still undervalued IMO.

This may spike when officially released - bode's well for the future - those drills cannot come quick enough now.

Aye, sorrys gents for clogging up the thread with what was probably a pointless discussion anyway, but I got a bit bored and started posting again here and added to the long list useless nonsense getting posted lately. .
Rangers thanks for the pointer regarding Sparrows.
Take care all and good luck with your investments.

PS - any of you Oil type dudes know if BW use Sparrows or have their own blokes ?

AD, that is not to say that there will not already be a very thorough investigation on, there will IMO firstly to understand why the rope failed in order to ensure the next rope doesn't fail for the same reason/s and that will be the primary focus of the investigation. Root Cause Analysis may throw up procurement deficiencies, or other issues with but that will come later, they will basically want to know that whatever caused it will not happen again.

Ref the Regs, I said probably, not definitively that they would come under Marine Regs so do not wager too much. There are also various MOUs in blade between the HSE and MCA that overlap responiblities and only serve to confuse simple people like myself. But it does matter when reporting accidents and DAs because RIDOR and the MAIB have different reporting criteria as well and I am pretty sure that lifting equipment failure is automatically reportable under RIDOR but not to the MAIB unless it had injury potential or caused actual damage to the vessel or environment.

Now remind me why oh why have I started posting again here. Haha

Fit . I agree.

Rangers, I think that you probably mean HSG221 and I am fully aware of this guidance and the Regs, but although BW have worked in the UK before and a Safety Case will have been submitted to the OSDR they, IMO will still come under Maritime Regs for now. Regulated by the MCA and as such any investigation would be carried out by the accident investigation branch (MAIB). Anyway there will be no Prohibition Notice from anyone IMO so it is probably immaterial. Although I would wager a pint in the PITS next time I am in town.

It may be a mute point relative to your post but in my opinion, and i may be wrong, surely the Aoka Mizu will be under Maritime Regs and not LOLER - and if under Maritime Regs it will be regulated by the Coastguard Agency - so SFA to do with the HSE until it is a fixed assett.

WW selling because of impatience is totally different to selling because you do not trust the Company, as well you know.

Well Well, you state that the market is asking questions about trust and I suppose that you are basing this on the dip in the SP. Well there are a lot of people that I know and work with who are invested in Hur so as such they are a small part of "the market" and none, not one of them are asking that question. Some have sold a few, one chap sold out to try his luck elsewhere, hoping that he could get back in as soon as news gets out that a new rope had been dispatched.
There are many reasons that the SP dropped and that holders sold, so to state that this shows the market is asking the question about Hurricane competency and ability to hook up the Bouy is again supposition at best.
IMO

Nigwit yesterday never made me lose any trust in the Company but everyone is different I suppose.
I also lose no sleep over a small delay or operations not going exactly to plan, this is long term for me, years not days or months so no big deal , they will hook up sooner or later so not a big deal at all.
I also do not see a 5% drop or rise in the SP any big deal either or even worth mentioning/discussing on this sort of investment and at this stage of the project. I leave that to the short term investors or those trying to influence others. Short term investing is a mugs game IMO, or it would be for me, but each to their own.
And FWIW NW, I believe that the industry experts experienced in similar Operations offshore also think that this was unfortunate but not the big deal that some are trying to make out.

Abuk, "I'd submit that's more what happened here" - really? So you now have contacts close to the project? or do you know that it was BW that supplied or Spec'd tested inspected or maintained the said rope, or Technip or are you privy to any of the other factors that may have caused the "rope to fail".
I submit that you and others here are jumping to conclusions without having enough information at hand and passing them off as near facts when in fact it is really a bit of dodgy supposition at best.
In my Opinion Only.

Whoa steady on, we know that the rope failed. We do not yet know that it parted/broke/snapped or if the rope was faulty or if the contracter/sub contractor was at fault or not. Those baying for blood are jumping the gun and looking stupid.
Those saying there will be an HSE investigation are also jumping the gun IMO, for a start HSE rarely carry out investigations offshore as such, they may audit, and they serve the notices (which they haven't in this case) the Company then carry out an investigation and the Company decide when it is safe to start back up. - sounds bizarre but that is the truth. And besides, the rope snapping may not be HSE reportable, it will IMO depend on potential, and as it is unlikely that there was any injury potential (this pull in would be all done with cameras and no human anywhere near the Bouy/Turret or SnapZone.) and no potential to damage the Environment (No hydrocarbons release etc). The rope snapping would have almost definitely been identified as a risk and all precautions taken to reduce the risk and mitigate potential damage. IMO. Yes the Company will carry out their own investigation and share any learning with HSE and the industry but that may be about as far as it goes.
Good to see a few more faces on here those days that add value to the board, shame that there are also quite a few Walter Kitty Bullsitters also deciding they are Long Term Holders when clearly they barely know if this is onshore or offshore.
And FWIW - Bluewater will probably not come under LOLER Regs until it is actually fixed to the seabed.

At the risk of getting put on the naughty step again WT WTF. I do not know what someone has put in the Gower Water that makes you so stupid, but whatever it is, it really works.