Member Info for Espenviking

Let’s hope it’s not an indication of what’s awaits us today.

I hear you Gordon. I did read an article earlier this week relating to other Net Zero initiatives, where all the allocated funding (£240m) had simply been sitting unspent and in the end got returned to the Treasury.

True Gordon, however if looking at UK government web site (latest status on roadmap), timelines indicate they’re likely to be considerably longer.

It looks, based upon below article, it took 18 months from application to award for equinor, bop, shell, total consortium . This is for 1st stage license, still “license to operate” will be needed.

So yes Gordon, if these timelines are anything to go by, it will take some time still…

https://www.upstreamonline.com/energy-transition/bp-leads-heavy-hitters-in-endurance-co2-storage-funding-bid-in-uk/2-1-899907

I suppose in the coming years we will find out if they will make it happen this time around.

I suppose Gordon, was just curious to understand if perhaps someone on the chat were invested in Star back in the days that could have some further insight. I guess not.

I suppose we’re ranging at >3x the low of 0.065 currently. Not at all bad for whoever was able to get in on the cheap I suppose.

Interesting pie chart showing breakdown of potential CCS capacity per country

https://elperiodicodelaenergia.com/cartera-mundial-captura-almacenamiento-carbono-duplicado-seis-meses-pero-no-crece-rapido/

Anyone aware why this doesn’t appear to have got off the ground 16 years ago?

https://www.offshore-mag.com/regional-reports/article/16792284/star-eyes-storage-role-for-forbes

https://www.nstauthority.co.uk/news-publications/news/2022/bpequinor-awarded-carbon-storage-licences/

Looks my fellow Norwegians just got awarded a license, in partnership with BP, shell, total.. this is for Track 1!

Looks my

£100k disposal by someone, jinx

Unless you live in countries like Lebanon, then it’s anywhere but the bank pretty much

Well, I guess it strictly comes down to getting C-77 stabilised at good flow rates, along with co-mingling w the C76. If they can fix this in near-term we hopefully will see a doubling of the daily revenue.

always in favour of conservative assumptions when it relates to revenue..

cheers jasper

*$60/boe for condensate I meant to ask..

Thanks Jasper, I'm also hopeful they will be able to improve upon the 0.3 daily flow pre-refrac. One quick question on the on the daily revenue calculation. Did you receive the $60/day rate from Oilex directly? I believe it is now closer to $100/d but of course depend on the commercial agreement in place.. No major impact but thought I'd ask.

Yep, sounds good J. Let’s now cross fingers refrac results will be promising, and timelines stay on track - then hopefully earlyish q4 we will have revised flow rates at well head. atb