Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Is it possible that given the court situation, Nomad resigned merely to cause a suspension until such time as the court action is resolved?
1.01p for me please.
There is a similarity with Hurricane HUR, other than it's not on dry land! They have 4? Fields, not under production, they just announced a JV for one part of the operation and busy proving other part for a JV/selloff to a major.
DA
If we assume FRR complete a JV with 1st major for (part of?) Tarabani field in about 6 weeks?..... what happens after that?
How long till drilling starts?
Gas or oil?
If we assume a 'free carry' during development phase, what time scales are likely and costs?
At what point would gas/ oil be sold, and what share of proceeds would FRR receive?
Just wondered if there are any plans being scribbled on backs of fag packets?
Rgds
DA
The OGA and industry representatives in Shetland yesterday and today for a conference organised by OGA on future opportunities. Discussion today included future of SVT.
Listen from 14.40 minutes to hear what OGA and Enquest have to say on BBC Radio Shetland
https://m.mixcloud.com/BBCShetland/good-evening-shetland-tuesday-11th-of-september-2018/
RGDS
DA
I listened to the 60+ minutes presentation and I heard the bit when AB said that they weren't going to give specific estimates for production for each field and the reasons as to why. However, during the Q&A at the end, a specific question was asked about Kraken production and it lead to a clear explanation of the early 2018 production levels, the problems that were encountered with the water injection, voids and the bad weather shutdown, etc. That explanation fits with what was observed by the 'tanker watchers' and it adds confidence as to the whole presentation.It also confirms what we already know, that running a FSPO is not a seemless operation and there will be occasional hiccups.
Rgds
DA
Cargoes #4 and #5 were part cargoes due to a technical hitch?
Both were later transhipped into one shuttle thanked and delivered to Finland if I remember correctly.
I would also speculate that the first cargo was more or a trial and perhaps not counted?
Rgds
Da
On AIS receivers the change from moored to underway is a manual function. Might have been testing their equipment in readiness for something!
Rgds
DA
Total operate the Laggan- Tormore field West of Shetland
https://www.offshore-mag.com/articles/print/volume-76/issue-11/european-supplement/meg-maintains-hydrates-free-production-at-laggan-tormore.html
This is how they deal with a gas/ condensate mix. Condensate is sent to Sullom Voe terminal. SVT currently exports Brent.
Rgds
DA
For #21 I calculate the following:-
Navion Oceania draught 12.60 .... 628,680 barrels, (probably retained ballast onboard?)
British Cormarant draught 11.80.... 529,303 barrels
As the BC is on a long voyage she won't have any ballast onboard.
Rgds
DA.
I'm not surprised to see a gap in the offload performance, unexpected maintenance issues etc, dayrates can vary widely as a result.With offloads generally transhipped for delivery US Gulf the offload has to be of a quantity that makes a decent cargo and provides for a viable outcome, there will probably be an acceptable range specified in the cargo nomination.
Rgds
DA
Another photo of cranes hooked up ready for tandem lift. Into sea? https://drive.google.com/drive/folders/19OtwRUFmCibNb_0estzmj5YZ1g-_fpdt?usp=sharing
Some photos of JK in Lerwick this morning. DA https://drive.google.com/drive/folders/19OtwRUFmCibNb_0estzmj5YZ1g-_fpdt?usp=sharing