Member Info for conkclo

the lack of ANY information from Hur is deafening, normally 'no news is good news' but it looks like its not

historically it does, but in these unprecidented times of cov19 its not having the effect it used too

ahead not behind, 3 months ago it may have been $50, tommorrow it could be $25, actually nobody on this forum knows excatly what they are selling for so the daily Brent figure is totally irrelavent to daily production figures, imagine if you wont sell until you get the barrel sale figure you want, and then no one buys at that figure, you have no more capacity to produce then you have to shutdown, that then costs you 12,000 mbd production.
After first oil June 2019. Factoring arrangements agreed with BP and banks meant Hur were able to benefit by receiving cash proceeds from liftings within days of title transfer, rather than the typical 30- to 60-day payment terms. IMO this sp should be higher than what it is, whether that is to do with no RNS issue or not ive no idea, but this BOD need to communicate more than one a month the relevant information or we will just keep guessing.

No point guessing the daily production to the current price of a barrel of oil, these cargoes are more than likely sold 3 months ahead at a fixed price to get them to market, so what ever is todays figure of Brent will be totally different to what the next offload has sold for. Group Statement for 2019 averaged $59.3/bbl across seven cargo offloads

it is apparent isnt it that the oil & water isnt downhole already stored in barrels ready for sale

To allieviate the water cut issues, of which every well delivers, the water cut becomes greater overtime especially if you add water injection to sustain reservoir pressure ( 3 bbl water in to retrive 1bbl oil) the FPSO required needs to be proprtionally larger to handle the produced fluids through the separation train, i do hope there is no sand returned during production from the naturally fractured basement reservoir as this is expensive topsides downtime time for reoval & cleaning vessels & also subsea when erosion damages the chokes, choke replacement is circa £15mil per tree, i see her every time i go to work ;)

The assumption for the EPS is to initially limit the drawdown applied to each well, reducing the risk of
water production while gaining a better understanding of the reservoir behaviour over time. A
Maximum Production Potential (MPP) from the wells of 20,000 stb/d (~10,000 stb/d per well) is
assumed, for optimum reservoir management. Therefore, though the vessel is capable of producing
30,000 stb/d, the profiles are limited to 20,000 stb/d for the purposes of resource calculation (and this
number is further reduced by the 85% Production Efficiency,

obviously not many have read it then it would appear, thank you for sharing your info with me, much appreciated x

google found me this, ive not seen it on this board before, has anyone else ?

https://www.hurricaneenergy.com/application/files/4615/4210/4673/Hurricane_Lancaster_CPR_2May17_Issued.pdf

rapid depletion
this would all depend on their reservoir management, are they using any water injection to maintain reservoir pressure ? any reinjection of gas compression? I dont think the AM is connected to the WOSP system, can someone clarify these pls

LONGWAIT - wasnt an assey comment, there seems to be a fair bit of iincorrect data posted here, besides the bickering of who knows best, im new to Hur shares plus i can see her from where i work !

LONGWAIT -read up on the vessel data, especially the crude processing capacity

https://www.bluewater.com/wp-content/uploads/2019/05/Data-sheet-Aoka-Mizu-updated.pdf

AM FPSO is only designed to handle proccessing of 30 boed, so definately ownt be hitting the 40 boed

the machinery does not belong to Hur they are owned by Bluewater & contracted to the field & further acreage to be explored, is already in place with 3 out of the 5 names mentioned, Solan - Premier, Glen Lyon - Shell, BP & Siccar Point, Fionavon -BP & Marathon OIl

his mates work for blue water, blue water own the aoka mizu fpso

https://www.offshore-energy.biz/hurricane-abandons-plan-to-connect-lincoln-crestal-well-for-production-this-year/

anyone know if Hur are utilising WINJ ? Just a Q as they are trying to determine the well’s optimal sustainable rate?

you probably find that the oil produced for the next offload to the shuttle tanker was sold 3 months previously, and not sold today

Dont buy hur, as i can see that from where i am now, ad they're not flaring successfull drill runs ???????

Rhum & the basis of the Iranians owning a 50% share isnt going too well, once again, i did recommission this system is 2014/15, that was only too secure subsea infrastructure stability. My gadgees tell me R3 will not be worked over, it failed first drill run, it wont be re-run & the offshore teams are f***ed off with the current owners due to terms & conditions especially pension wise & yes i do like a drink.