Member Info for MatrixObserver

Good Day fellow ENQers

Well that Moody's upgrade went well, lol...

Anyway, is beautiful day for rig setup... Max waves 1.5m, light winds ~10kts

AHTSs working nice and brisk connecting TL's anchors now positioned over DC4.

For realtime TL data can get here...

https://www.fugroweather.com/WeatherMonitor.Net/Displays/TransOcean/C20229_1/MONITOR_HMS8C_20MIN.aspx

Weather and MT links...

https://www.windfinder.com/forecast/viking_north_sea

https://www.marinetraffic.com/en/ais/home/centerx:1.272/centery:59.929/zoom:14

Good luck all

MO...

PS, looks like Russians committed to OPEC+, read comment by Energy Minister Alexander Novak... Should help support Poo... A duster a day, helps support long term Poo play :-)

https://www.today.ng/business/energy/alexander-novak-russia-plans-sign-opec-partnership-deal-172034

Looks like move is finally underway... Are currently disconnecting TL's anchors from Agar/Plantain drill

https://www.marinetraffic.com/en/ais/home/centerx:1.754/centery:59.623/zoom:14

Is not far to move ~25nm to north-west, so should be complete this week...

Lots in the boiling pot, will see how soup tastes in a few weeks...

Still waiting for the Kraken Rooooaaarrr :-)

Good luck all

MO

Hey L3 cannot give current production, but average for #27 is in low 30s bopd... According to FDP should be into mid 40s around now and probably would be if did not have injection issues April/May.

Ship has since been fixed and signed-off, testing was notified, MO waiting for results...

AK has proven can do more, time will tell if can still... MO believes :-)

Good luck

MO

Guten Morgen L3 and fellow ENQers

TZ @ 11.6m comes in around 520k, so guess is that...

Re: "hitman thinks that DC4 won't give any more production"

LOL, think will missman, not hit with that statement, DC4 will give around 4-5k per well so about 8-10k extra for starters...

Good luck all and on to #28 and update within the fortnight !!! - Hope for some good 2019 hedging, 10m barrels will do ;-)

MO

WEny, was $2.3b (28% saving versus sanctioned cost), may ultimately be slightly less with one less injector well at DC4 versus FDP, but the wells remaining may be longer, so may be same cost.

From Sep update, ENQ stated had problems with AK water injection (probs with coarse water filter) and had to operate with no water injection, this created voidage issues and needed to close voidage of approx 5m barrels.

They stated from end of Sep would undertake extensive well tests to tune water injection across the fields, hopefully will inform in update how's going... Has been around seven weeks, so hopefully nearly done, they also mentioned no water injection breakthrough and subsurface was fine.. The obvious goal is optimum production, just need to see those values.

Could do with #28 on 27/28 Nov

Happy to see how plays out for the time being... Good luck all

MO

MO's not giving-up on AK just yet :-)

Will give a little longer to finish extensive well tests whilst tuning water injection, am seriously expecting a return to 11/12 days gap (pre DC4, no joke), will see if is blind faith or good guess...

MO has personal targets for AK (and they're not easy ones) based on FDP and info gleaned since, is good to have goals.

Will be good to get some news at end of month, re production and any hedging for 2019...

KO could also be correct, maybe AK going for lower but longer production profile, will have to wait and see, now on to #28...

Good luck all

MO

Hey E121

Yes hanging in there, surviving and still managing a smile, not feeling like rose' so much recently :-( MO's internal organs are happier though !!! Maybe tomorrow

Have got acute Brexititis, has made MO sick of politicians, not pleasant to observe, give me plummeting Poo any-day !!!

Re: HK, 12m = approx 575k with no ballast, but would prefer to leave final guess until post STS...

Is now over 42 days since EP #3, will give best guess when #4 happens, Would hope for a bit more than 4-5k, c'est la vie...

Have done well out of PMO, but not currently holding... 85p is not a bad price for PMO, but can be played as much as ENQ and seems to being played a bit today.

Good luck in ya choices...

MO

Good evening Chilts...

Totally agree, US have quite a bit they can bring online if required...

Was having a look at this weeks US drilling info (just onshore) and have Drilled but uncompleted wells (DUC) in Oct 18 of 8,545 with an estimated New-well oil production per rig of 679 Bopd = potential to bring online 5,802,055 Bopd !!!

Obviously have depletion, risks of bad wells etc, but is large figure of potential !!!

Can see stats at:

https://www.eia.gov/petroleum/drilling/#tabs-summary-3

If OPEC+ can sort 1.4m Bopd reduction then will help considerably... Have a good-un

MO

Good afternoon all

HK's been holding on to AK for over 31 hours now, so looking like being a relative biggie ~550k, expecting to finish around midnight, then heading to Scapa Flow for STS with THOMAS ZAFIRAS.

Winds now 40kts, waves not too bad... Should calm for TL's DC4 move over next few days.

L3, Re Alma/Galia, remember EP can hold 625k barrels, so might be going for a 500k doofer, can only wait n see !!!

Big headline build of 10.3m from EIA crude, does not include another 1.4m drawn from SPR, plus reductions in other stockpiles, can see in more detail...

http://ir.eia.gov/wpsr/overview.pdf

Good luck all

MO

Hey DD, no offence taken... Numbers are based on actual dates and estimated offload amount.

Have 15 days since #26 left (30/10 10:00) and approx 1 day of possible production during current offload, for 16 days...

If is 550k offload will be ~35k bopd and ~32k for standard 500k.

MO still believes AK will produce more (pre DC4), just waiting for the 11/12 day gap, hopefully not waiting forever, lol.

Good luck all

MO

PS, API in 5 mins... Not holding breath...

https://www.fxstreet.com/economic-calendar/event/bcf389bd-5fe2-4bd1-b1e0-d0b3910ba944

Good morning all... (well maybe not if considering Poo, is more like diarrhoea at the mo, needs to ease off the laxatives)...

Have Heather linked-up at 09:30, depending on load size has averaged approx 31.5k - 34.5k bopd since #26, hoping for continued improvement now !!!

TL's move to DC4 is imminent and should happen when HK finished at AK...

Can only hope ENQ has super hedged some of 2019 production when in the $80's

Good luck all, is tough out there !!!

MO

Apols...

Looking like having a quick visit to Algeciras Port, maybe a fuel/stores resupply..

Cheers

MO

Good day all

Should pass the Straits of Gibraltar in approx 4 hours...

https://www.marinetraffic.com/en/ais/home/centerx:-5.393/centery:36.031/zoom:12

Weather looks fine for next few days...

https://www.windfinder.com/#5/44.1191/1.8018

Not too long now, < 1500 nautical miles to Rotterdam, should be less than 10 days at 7-8kts

Best wishes

MO

Good evening E121

Did read on ADVFN BB a post that stated they had contacted ENQ IR and defo update this month, but no specific date offered.

Cheers

MO

Tries to make subscribe unless click on link from Google News...

Try Google search for "OPEC Edges Closer to Production Cut as Saudis Signal Intent" and click WSJ link... hope works v2

May need to use Google link...

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=2&cad=rja&uact=8&ved=0ahUKEwjQ8P3R78zeAhVhp4sKHToMBr0QqQIIKSgAMAE&url=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fopec-edges-closer-to-production-cut-as-saudis-russia-signal-intent-1541956957&usg=AOvVaw1l7KDm7FySxYi2i01qfO_q

Hope works

Quite a comprehensive write-up by the Wall Street Journal...

"OPEC Edges Closer to Production Cut as Saudis Signal Intent - Saudi Arabia’s oil minister said the Kingdom was ready to cut production by 500,000 barrels a day in December "

https://www.wsj.com/articles/opec-edges-closer-to-production-cut-as-saudis-russia-signal-intent-1541956957

Also mentions Venezuela getting Chinese investment to boost production, but also doubters.

Cheers all, MO

Yes, Heather is moving with a purpose... Will be happy when linked to AK...

Could ultimately be a timely drop in Poo, with longer term benefits, remind all members of OPEC+ how unpleasant bad Poo is...

Current agreement ends this year, OPEC and its allies will meet in Vienna on Dec. 6-7 to decide on output policy for 2019.

Have had 5 bad weeks for Poo, hopefully will stop the rot...

Good luck all

MO

Hey L3

Re: Solan: I don't monitor that field...

Some good news from OPEC meeting... Saudi's to cut by 500k bopd in December...

https://www.reuters.com/article/us-oil-opec-saudi/saudi-arabia-to-ship-less-oil-in-december-as-it-floats-cut-talks-possibility-idUSKCN1NG059?il=0

Is a good start...

Cheers all

MO

Impressive 16.5 knots now !!!!

Cheers all

MO