Member Info for MatrixObserver

If interested Mercury is currently transiting across the sun...

Is for Hallow as not like waiting... This Mercury transit is the last one for 13 years. The next one is on November 12—13, 2032.

Can see safe and live at: https://www.youtube.com/watch?v=GNvZHR91e4s

Cheers all, MO

Good morning all CASPers...

Whilst scanning Elicense had a look for 3AB, and have found an AGREED plan for 3AB (dated 6th Nov 2019), i.e.

01.07. - 31.12.2020g. Preparation and ordering of materials for previously drilled wells ? ESP 50, ESP and ?-21 Test ESP-21 appraisal well

01.01. - 31.12.2021g. Learning new geological data. Reinterpretation of seismic data based on well data ? ESP 50, ESP-51 and ? ESP-21 Preparation and drilling ? E-22 projected depth of 3500m. (+/- 250m)

01.01. - 31.12.2022g. Completion drilling ? E-22. Comprehensive analysis of geological and geophysical data, including the results of drilling and testing ? E-22. field construction. Estimation of reserves of oil and gas.

01.01. - 01.07.2023g. Preparation of Supplements to the project appraisal work. Preparation of the project trial operation deposits.

Can find source at: http://elicense.kz/Licenses/Details/e964ab59-c2c0-45e1-910a-14cba4e86d3d

So looks like being covered for future dates..

All eyes on BNG :-)

Cheers all, MO

Last bit on the prospects at 3AB as have docs open.

Area Espelisay its western border is adjacent to the oil and gas field Dunga, which opened in 1969. In the productive section are Callovian deposition Middle Jurassic.

Here it is revealed: a gas horizon Yu-1-A and the oil and gas - Yu-1-B. The deposits of Aptian reservoirs A and B - oil. Lithologically all productive formations are represented by sandstones. The depth of the Jurassic zalezhey 2250m, chalk -1640m. By type of trap, reservoir, tectonic and lithological screened. Collectors-pore. The average value of Kn Callovian J2k horizon is 16%, 21% Aptian, pronitsaemost- 0,01mkm2. Effective thickness horizon Yu-1-B varies 2,5-3,6m, neftenasyschennaya- from 1.0 to 1.2 m; gas-saturated-1,3m.

For deposits of A-1-Eastern bloc effective thickness is equal to 8,6m, gazonasyschennaya- 2,9m. The total thickness of the productive formations Aptian horizons ranges from 8.2 to 11,1m, effective, from 4.2 to 6.5 m, neftenasyschennaya- from 2,6 to 6,6m. Oil-Jurassic horizon light and medium density (811-846kg / m3) low-sulfur (0,08-0,11%), paraffin (11,7-14,8%) malosmolistaya. Oil Aptian gorizonta- average density (821-830kg / m3), low-sulfur and paraffin. The initial reservoir pressure is at blocks 16,5-18,6 MPa, the temperature is from 70 to 85 ° C. Oil flow rates vary from 2.0 do15mz / day.

Wells...

ESP-50 - Depth 2250m
ESP-21 - Depth 3500m

The estimated volume of oil production during the test one skvazhiny- 25 m3 / day or 20.275 ton / day at 0,811t / m3 presumed oil density. Expected GOR - 150m3 / m3 of oil.

Worth a go if 26 million barrels C2... MO

Also, regarding new President of 3AB...

Not sure if same guy, but if is, sounds like a good person to know and good governmental credentials... i.e from April 2015.

According to speaker Berik Bimuratov, the vice-chairman of the committee of ecological regulation in oil and gas industry under the RoK Ministry of Energy, a few proposals from subsoil users have been reflected in the law.

Source: https://azh.kz/en/news/view/6239

Anyway, Good luck all CASPers, Hope good progress is being made at BNG deeps.

3AB, will look out for in H1 2020

MO

Hi Adrianz...

I have seen these notes re 3AB to add a couple of dates... From Aug 2019 audit scanned doc

In April 2018 the Company's management appealed to the competent authority with a request to extend the exploration period for evaluation prior to July 1, 2020 without changing the work program due to the delayed signing of the Addendum to the Contract ?6 for objective reasons.

and

As of July 2, 2019 the Company became the sole shareholder of a legal person Eragon Petroleum FZE, established in the
United Arab Emirates, Dubai.

Good luck all, MO

Hey L7

Have followed NO STS transfer with Ningbo Dawn, this has now concluded and now shows a draught of 12.3m, calculating using 14 API with Winter loadline = 527k

When ships go trans-Atlantic they try to run as light as possible = less water resistance, with minimum ballast, so can usually get a better cargo estimate.

Good luck with your tanker nerding ;-}

MO

Hey CC

Good name for a cool and trendy column... The ****ed-off optimist :-)

Am feeling better now... Have exorcised my moaning demons about silly and sloppy RNS mistakes, that should be observed and rectified on first proof-read and now back to where it really matters.

Is the moment many CASPers have been waiting for and if studied the data can be reasonably optimistic too and not even gone into realms of pumps etc, A6 is probably the dark-horse as no-one really knows how good the previous perfs are and as shown over-balance sometimes just makes it through the casing and cement, hardly touching the formation, should be no such issues at A8.. Lots to find-out

If CASP want to move up a league or two, then need the public facing element to lead from the front... that means no silly mistakes due to lack of checking, to err is to be human, to not double-check is to be stupid or fix your software... Is not hard and no excuses valid.

Good luck all CASPers, MO

Good morning all

Well if they get some good results over the next 2-3 weeks, then Aim-50 is a possibility, next quarterly review is end of November, will need to be in excess of 17p as a guess.

As said, am a lonely optimist on the BB at the mo... Weather's good, could be un-reeling that tubing down A6 as I type.

Good luck all CASPers, especially in finding the final piece of the deep puzzle.

Been a long time getting to this position, what a few couple of weeks in store...

Cheers, MO

Good morning Squificus Maximus

Have lately given-up with guessing draughts, especially on the larger shuttle-tankers and 50 tankers later think is correct choice, ballast and storage permutations make ranges too wide, best guess is 20k per offload hour, so guess is around 500-540k.

Is still bloomin impressive, maybe a slightly lighter load to Rotterdam last time, which is why complete turnaround = 9.1 days.

Look for next tanker to arrive 18/19 Nov to continue impressive run.

Fifty tankers later, will I ever learn... Happy 50th all

Cheers, MO

Good evening all

Navion Oceania has left AK, departed approx 8pm (around 27 hour offload, healthy standard load), now heading towards Scapa Flow.

STS transfer with NINGBO DAWN with current destination of FREEPORT, Bahamas.

AK has been most impressive lately, let's hope can keep-it-up.... Rrrrrooooooaaaaarrrr :-)

Have good weekend all, cheers, MO

Think you won't have to wait that long Jester16...

Should get a MJF spud or two this month and I reckon by the 22nd Nov, news on both A6 and 801, followed by total depth on A5...

Lots to come... Flashback from last A5... lol

"The well-head pressure varied from 160 to 300 bar. The pressure build-up dynamics indicate an excellent reservoir quality. The current shut-in pressure is 470 bar (6,887 psi). The high well-head pressure and the good presence of rich gases such as butane and pentane also indicate lighter and more valuable oil compared to our shallow wells."

Hopefully the A8 works squeezed in too... Is reasonable considering all ready and happening now.

Pays your money, makes your choice...

Good luck all CASPers, MO

LOL JS...

It will highly likely not be 150 next spudded, will be 151 and 154, if recent timetable is accurate (per recent environmental agreement).

2019 - design wells E-151, E-154, E-155 and E-200 (transition 2020 year: 60 days in 2019, 60 days in 2020);
2020 g - the well design E-150, E-152, E-153, E-156 and E-157; 2021 g - the well design E-158, E-160, E-201, E-202 and E-203; 2022 - design of the well E-159, E-161, E-204 and E-205.

MO's happy with MJF's progress, if can produce @6k bopd for 5 years, say $25 net =generates well over $250m in profit, so some comfort there.

Is very big few weeks for Deep CASP... BH, SLB or whomever, hope you've brought your "A" game and equipment !!!

Any tardiness is unacceptable, have high hopes for BNG, is why here...

Proof is in the pudding :-)

Good luck all, MO on Flaring Permit and Weather watch !!!

Hey Largeone69, lol

Whatever it is, it's sloppy... One piece of arithmetic to carry out and get number of days in Oct wrong !!! and cannot blame lack of tech knowledge for that, unless calendars are too techy...

It does not take long to double-check figures, is not like daily RNS... Accuracy tells you a lot, mistakes can happen, but come on Clive, deep breath and double-check/fix, it might be someone else writing, whoever it is... SORT IT OUT.

Have a little piece of code for Clive's spreadsheet, all need to do is put in month-year and barrels, will work out how many days in month and do bopd calc for ya !!!

--

Cell A2 - Oct 2019
Cell B2 - 43,415
Cell C2 (Bopd) formula... =if(B2 = "","",(B2 / (DAYS(eomonth(A2,0),A2)+1)))

Will even be blank if no data...

--

Good luck all CASPers, MO

Hey Rhetig... silly question, especially to a keen observer, lol ;-}

I did expect it for A8 and was hoping it would have the opportunity, maybe the same for A5, is a wait and see, flowing/perfing open-hole and behind cemented casing are chalk and cheese, nevertheless acid has been around oil wells for over a century, so it obviously has its uses, I'm hoping that BH maximise that use via their latest tech, it's the latest that I've seen.

This is a very significant phase of CASP's overall deep strategy and needs to have success for that strategy to have legs going forward, especially regarding A8.

As stated, this is a solution for near well-bore formation damage caused by drilling mud and perforating, obviously the vuggy limestone under pressure is sensitive to it, this solution allows the for that damage to be bypassed to undamaged reservoir.

Fingers crossed, hopefully news within a week or two...

Looks like bears having fun whilst we wait, CASP left too much meat or honey showing...

Cheers all, MO

For you Chilts ;-}

Going straight in again !!! https://www.marinetraffic.com/en/ais/home/centerx:1.302/centery:59.917/zoom:14

Have last tanker departing 30/10 @ 6pm

Is a new turnaround record... Good luck all ENQers

MO

Hey Joe

I'll take 3 flowing deeps by Xmas :-)

If interested, below are some links to bits on acid (or if from the 80's aceeeeed), you may have seen some before, but c'est la vie.

Hoping for a similar headline to our case study but from Baker Hughes...

Production Increase of 1,010 m3/d with MaxCO3 Acid System and SXE Acid - Acid treatment results exceed operator expectations by more than twofold (I think this is from Karachaganak, a 200k bopd field, 100m boe per annum)

https://www.slb.com/-/media/files/stimulation/case-study/maxco3-acid-caspian-cs.ashx

Karachaganak have some funky open hole horizontals and multi-lateral holes, they have 2 frac and 2 coiled tubing units, can see more at:

https://www.kpo.kz/en/operations/drilling-and-reservoir-management.html

--

Baker Hughes, Deepspot, if as good as marketing blurb, then is revolutionary, am hopeful, but proof is in the pudding :)

"The DeepSpot™ complete acid fracturing service delivers rock-breaking viscosity, slow-reacting acid, and effective leak-off control in a single fluid system. Unlike conventional acid frac jobs that require multiple fluids and complex design and pumping, the DeepSpot service provides everything you need in a single solution, creating longer, more conductive fractures—without all of the extra logistics. "

Short Vid: https://www.youtube.com/watch?v=Vj_YZUez8Tc
PDF: https://www.bhge.com/sites/default/files/2017-10/Deepspot-complete-acid-frac-service-slsh.pdf

--

Good luck all CASPers, hoping BH are now are site and working some magic for our Case Study.

MO

LOL CC

Not undesirable to the actual traders, that's their business, lol, just CASP pointing out at interims about certain displeasure, then in the same breath inviting it with the unrealistic time-scales...

But you feel free to grumble (or not), is good for the soul, lol

MO

LOL Crusty25

Smasher gets excitable, he means well... CASP did issue some seemingly unrealistic time-scales recently setting some high expectations, especially when relying on already absent sub-contractors, not much Clive can do except report as given... but the expectations then delays will create supposedly undesired trading opportunities, simple solution, don't issue unrealistic time-scales.. But then again CASP are probably guided by Baker Hughes saying, nearly ready, will be there next couple of weeks, etc etc.

But you are right, patience is required in O&G, projects are measured in years... Delays are common.

Hopefully this well clean-up procedure is the final piece of the BNG deep puzzle, I draw comfort in this type of technology having had successes elsewhere in Caspian carbonate.

Just need to see it here... Then we'd have a repeatable formula, will probably speed-up deep drilling, with well cleaning simplified, no messing about, drill, cement, perf and acid job... bish-bash-bosh lol

Good luck all CASPers, MO

The RNS seems to have only account for 30 days in October....

If you multiply 1,447 by 31 = 44,857

During October 2019, a total of 43,415 barrels of oil were produced (40,828 September 2019), of which half were sold at domestic prices (one third in September 2019) and (half were sold by reference to international prices (two thirds September 2019). The production per day rose 6.3% to 1,447 barrels (September 2019, 1,361 barrels), having risen 15.5% the previous month.

Should be... ??

During October 2019, a total of 43,415 barrels of oil were produced (40,828 September 2019), of which half were sold at domestic prices (one third in September 2019) and (half were sold by reference to international prices (two thirds September 2019). The production per day rose 2.9% to 1,400 barrels (September 2019, 1,361 barrels), having risen 15.5% the previous month.

--

If want MO to proof-read future RNS can send to MO @ In The Matrix, cheers ;-}

MO

LOL CC

Personally I'm a bit more optimistic with the ultimate outcome. Just a little disappointed with the apparent Baker Hughes, no-show !!!

Weather is main consideration going forward, happy that daylight temps are back into double figures "C" for foreseeable.

Should be ok until Mid-December, barring an unusual cold spell we should make progress... Agreed, if no progress per this timetable then could be quiet winter.

Best case, all deeps on test and 2 x MJF complete by xmas.

Can hope, cheers, MO