Member Info for MatrixObserver

API flat as a pancake... +0.06m

MO

Hey E121

Have seen that NAO Prosper has extended contract to support TL until 12-Nov (by then Azinor/Cairn drill is 5-6 weeks overdue, due to 2 x respud), so looks like TL's earliest move to DC4 is last couple of weeks of Nov, maybe start drilling end of Nov, Cairn could do with some success.

Apart from seasonal weather is not too concerning...

Unsure if TL's DC4 rig anchors are still in place (from Jan 18) or if require pre-laying again, will see 1 x AHTS for job if required.

Have a good-un

MO

Hey E121

All pray to the Poo Gods... Have API in 6 hours, trend is a draw, sods law is massive build... Will probably be neutral'ish... MO is more of an EIAer lol, but API have not been far from EIA of late, so will have some affect on Poo, especially at sensitive times, but have also seen API and EIA data totally ignored.

Can see live figures and nice graph of previous API numbers...

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

Good luck all, is amazing to see how quickly and easily sentiment changes... MO's hatch tightly battened down !!!

MO

Can use this website to upload and share...

https://anonfile.com/

Will give you a link which can copy/paste into lse message...

Worked fine for MO uploading/sharing prospectus, hope helps you

MO

Good day fellow ENQers

NH has concluded (10am) AK offload #26 and now off to Sullom Voe for STS with Minerva Helen, duration was 27 hours.

Is reporting a draught of 12.2m, using 14 API and winter loadline with no retained ballast, comes back with 560k.

Looking for 13.3m draught on MH to confirm 550k.

Good luck all, hoping for a quicker turnaround for #27

MO

Good evening all

Think H2 CapEx will be lower than forecast... mainly due to DC4 delay.

If look at TL current drilling (Azinor/Cairn prospect), is possible good news on drilling for them as PSV NAO Prosper has been extended until 12/11/2018, so look like are drilling second prospect..

Is now 5-6 weeks over initial drilling estimate (due to re-spud x 2), so TL to DC4 not until mid-Nov realistically, hence lower TL rent, support ships etc for 5-6 weeks of H2, could be a good few million, is only deferred until H1 2019.

Also think Magnus 75% quarterly waterfall debate will continue, many different variations of how will pan out, think will be best to wait until done for clarification, as will never agree...

Good luck all #27 soon ;-}

MO

Did the earth move for you darling ???

If in any doubt that fracking can cause tremors, can see today's OGA news...

"The OGA is aware of a number of minor seismic events recorded in the Preston New Road area, including one of magnitude 1.1 at 11:30 today (29 October) at an approximate depth of 2 km. Early indications are that these seismic events have been induced by hydraulic fracturing operations at the site. The operator has paused operations to allow for more analysis to be carried out."

Is a private company Cuadrilla drilling...

Have a good-un all

MO

Hey sankeys

MO did not realise, Archers since first episode in 1950 has had over 18,700 episodes... now that's a saga lol... Hopefully CASP can produce from deeps for as long !!!!

Thanks for concern, does require some faith, but the same applies to all investments.

MO's waiting for his bumper RNS (not bummer RNS)...

Cheers

MO

Hey rhertig

Hopefully can get some bonus cash flow in from test flowing A5 and 801, cash position should improve from early 2019 when MJF converted to production licence and infill drilling can commence, should get GCA's MJF CPR before 2019 if per schedule.

Anyway, MO happy to wait to see how story unfolds...

Good luck all

MO

Hey smasher...

Can only hope both are flowing by now... But using CASP time is hard to compare as still learning on the job.

Is boring with nothing to observe.... Hoping for some info soon, weather still holding on to double figure degree C (just).

https://www.windfinder.com/#6/45.7828/54.1846/temp/2018-10-29T12:00Z

Can always call in Schlumberger and request PowerSTIM Well Optimisation Service, have ideal products for HT carbonate wells...

The proposal outlined two stages:

1. Nonreactive fluid CLEAN SWEEP solvent systems for damage removal to disperse emulsions and clean drilling mud from the rock

2. Reactive fluids including... Retarded SXE superX emulsion to achieve greater penetration into the formation and to bypass the damage... with... MSR 100 mud and silt remover (15%) to complement the ******ed system... also... two SDA self-diverting acid slugs to improve fluid placement along the entire perforated interval.

https://www.slb.com/~/media/Files/stimulation/product_sheets/reservoir/sxe_acid_ps.pdf

Quaytec is correct Hydrocloric acid is highly corrosive to metals at high temps, so needs to be done properly, CASP had ample time to prepare before introducing acid...

Hopefully A6 and 802 will be perfect and a little quicker through learning, can hope, lol

Good luck all CASPers

MO

Blue... Think MO has Monday morning blues, lol, not sure even a Repairer or Zebedee spike would cheer me up, happy to test ;-}

Didn't know gkb47 was andy.p or would have said hello...

Did like it when he nicknamed me rix, lol, quality...

Anyway, back to AK #26, have 07:00 penciled in for link-up, is 16.7days from #25 departure (hope is good reason, sure is one).

Need to be back to the 11/12s sooner rather than later, have now allowed for ~one month of extensive well testing, ENQ are hopefully running each production well through test separator and tweaking water injection to optimise each well, are 11 producers, so allowing 3 days per well, is it not enough ??

Hopefully will notice when finished for #27 and #28.

Good luck all

Maybe rose' is the cure...

MO

Hey Chilts and fellow ENQers

Will have the normal marinetraffic mounting look when hooked up, AK's AIS transmitter location is still 150-200ft too far forward (will need AK's AIS person to fix), NH's is correctly located, so will appear much closer i.e. NH bow on-top of AK's stern... Heather Knutsen has the same anomaly as AK, so looks correct when linked-up, is strange world.... Will see action here when happens...

https://www.marinetraffic.com/en/ais/home/centerx:1.293/centery:59.922/zoom:15

Obviously with a gap of 16 days approaching (14:30 with clocks going back), would be nice to have a 600k offload, maybe is giving AK an opportunity to produce more prior to link-up...

Some previous offload stats/numbers if interested...

For 600k (with no retained ballast) will need the following draughts; NH = 12.8m and Minerva Helen = 14m

Shortest 3 intervals 2018 so far...

1) 10.3days - Offload #9 (Navion Britannia ) - Started: 9/2 06:00, left 10/2 09:00 (27 hours)
2) 10.4days - Offload #13 (Amundsen Spirit) - Started: 11/4 06:30, left 12/4 08:30 (26 hours)
3) 10.9days - Offload #10 (Navion Oceania ) - Started: 21/2 06:30, left 22/2 09:00 (26.5 hours)

Longest...

1) 24.2days (post beast of east) - Offload #12 (Stena Natalita ) - Started: 31/3 05:00, left 31/3 22:30 (17.5 hours)
2) 18.3days - Offload #21 (Navion Oceania) - Started: 14/8 18:30, left 15/8 18:30 (Duration: 24 hours)
3) 17.1days - Offload #16 (Heather Knutsen) - Started: 25/5 07:00, left 26/5 13:00 (30 hours)

Can see Feb was good, hoping can get back to as per FDP, MO likes 10 day tankers...

Good luck all

MO

Good morning Chilts and fellow ENQers...

Is a slightly disappointing duration from #25, at ETA of 27/10 @ 9pm would be 15.3 days, versus 13.1 days for previous offload of 500-525k.

MO still looking/waiting for a slightly higher pre-DC4 plateau, something more in line with original FDP, without knowing if AK's extensive well tests are finished and voidage/water injection issues completely rectified, will wait for #27 to see, should get to at least #28 before traditional end of Nov update.

Pretty sure rest of assets getting love and attention in the background, looking forward to EP #4 for Alma insight, can see baby tanker Siri Knutsen not too far away, but is far too early to presume...

Anyway, MO's hoping for an AK link up this evening (could wait for daylight) and get a fat 40 hour offload versus traditional ~26hr, for 550k+

Good luck all

MO

Hey gkb47

MO shares your sentiment regarding RI bitter after-taste, is good way to learn !!, but MO certainly don't blame the ENQ BoD for raising cash for Magnus 75% option + 2 drills, is now paid for, NPV $525m !!!

Many funds have specialist teams to create arbitrage plays for market scenarios, including Rights Issues, and as can see are pretty effective in extracting from MCap... ENQ had the oil downturn and sentiment change thrown in for good measure.

Has certainly not put MO off holding/adding ENQ, but will look at any future RIs with better understanding and caution.

Good luck all

MO

LOL

MO gunna keep quiet... NH has returned status to "at anchor" lol !!!

Is tanker tease... Well no more for today, MO's retiring for evening...

Cheers all

MO

At last... :-)

Is underway....

Bon voyage !!!

MO

Good evening Chilts...

Does appear that Enrique is having an extended siesta !!!

https://www.marinetraffic.com/en/ais/home/centerx:-1.9/centery:57.1/zoom:11

Did expect to be on way last night, so looks like is indicating a few k bopd drop since #25, not sure if well testing is ongoing, but will have to wait until #27 to see if improves...

Could be slightly larger load to compensate, will have to see...

All the best

MO

Is if by magic... lol

500k is a typical north sea working target for 600k capacity FPSO, some FPSOs only hold ~300k... would never wait until full, just incase link-up issues etc, would have nowhere for oil to go and have to shutdown.

Some loads can be 550k, but usually ~500k...

Also have seen (i.e. Alvheim FPSO and Western Isle FPSO), large tankers come and get fill, move away for a few days and come back for second helpings then deliver to i.e. Rotterdam or Fawley, are several permutations, but what have seen from Catcher is usually just over 500k.

Catcher's so far working very well, fingers crossed can keep this plateau rate up for next couple of years at least, has very good well stock.

Good luck all

MO

Hello Therapist...

Is good spot, but MO is still a little post RI anti-climaxed, so not ecstatic, is neutral.

Sure will feel chipper soon... Think need holiday, maybe an hour in garden, lol

Have good-un

Enrique will depart from Aberdeen waters soon, can hope...

MO

HOT OFF PRESS....

Is Navion Hispania (MO's nickname is Enrique) and Minerva Helen

STS on morning of 27th... Can see (switch port to Sullom Voe)...

http://www.sullomvoe.org.uk/CurrentTraffic.aspx

Think is 13 day gap from #25 if links tomorrow afternoon... MO still waiting for his 10/11 dayer ;-}

Good luck

MO