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https://surreycc.public-i.tv/core/portal/webcast_interactive/491303
In all fairness the simple fix was not a 4 month saga. The type of equipment required is just not available in Europe let alone the U.K.
As for the PLT tool it may have had to be built for the job for all we know. These things cost a fortune to be sat around in some ones warehouse. Halliburton will have some offshore equipment in the U.K. but will not have multi million dollar land units sitting in the yard. Like any one else I don’t know what the end result will be. But rest assured what they have done and the expertise used is the best in the business.
Me I’m circulating waiting on high returns.
What to do.
One of the most mature basins in the world and the home of the Brent crude stream that underpins global oil prices, the British North Sea is one of the most expensive places to produce oil.
At prices of $40 a barrel and 25 pence a therm for natural gas, the OGUK said it expects its oil and gas producers to "effectively be cash flow neutral". At $35 a barrel, the basin would fall into a negative cash flow of around 1.2 billion pounds ($1.38 billion).
For all you moaners so called experts. If you don’t like the way the business is ran.
With the price of oil and the markets the way they are. Now is the time to take your losses and move into something else.
Lots of opportunities out their to recover most if not all your losses
Rome wasn’t built in a day and oilfields damned sure ain’t.
Move on be happy.