Member Info for MatrixObserver

LOL KO... MO was feeling sorry for Squif, desperately seeking some neg...... Even though MO longer than long... Thought give him something neg, he's been seeking for a long time... Was 1st March, during beast-from-East... But pilot light going out must be AB's fault... LOL and soz to Squif... MO on the loose :-)

Could have moaned about this... https://www.energyvoice.com/oilandgas/north-sea/170976/unlit-flare-creates-explosion-risk-on-north-sea-platform/ Is better than nothing... MO

Is KUFPEC Squif... and can be sure discussions have happened, ESP issues since 2016. Not sure what you're suggesting should happen, abandon the field ??? Any extra barrels are straight onto the top-line, is all bonus... If can get extra 8k per day for workover then is good investment. CAPEX is already spent. MO will reserve judgement on A/G until end-of-year, is fair, if is FUBAR MO will accept... MO

Have done some basic maths... Since Alma/Galia came on stream in Oct 2015 has produced approx 6m boe gross... Out of expected 29m 2P Think will get just back into double figures when Alma fixed (gross) Anyway... New tanker tonight... (Early dawn in Shetlands) is Navion Anglia, is old school like NB... 11 days of production since last tanker left, so defo in high 40's Hoping for > 500k offload... NO slot booked at Scapa Flow, so maybe direct to European refinery, or late arrival... Have fun weekend... MO

Spot on Chilts... Galia in 3rd year of production with one well, can see Alma/Galia Production Profile on page 28. http://www.enquest.com/~/media/Files/E/Enquest/documents/EnQuest2011ResultsPresentation4JkAzpdf.pdf Natural decline was anticipated, more so on Galia than Alma, so still looking forward to Alma being fixed... Money has already been spent, can't ask for refund... So should maximise production in line with MER as long as can... Anyway, back to tanker watching... Have good-un MO

Is ok Fernan10... MO realises Alma has severely disappointed, think pre-drilling/completing the wells and delays did not help with the subsea, suppose we'll have to see the results of works before ultimate judgement... I would imagine Enquest Producer costs are pretty static, regardless of producing 2k or 20k per day... So more barrels would be very welcome... The last time AB was questioned about Alma, did state reserves unchanged and expected wells to perform as per FDP. when repaired.. (however you are correct, recent general statement might apply to Alma, but also might not) At least have FPSO to relocate if is totally FUBAR !!! But will wait and see, if fixes work is good bonus... Anyway, is May bank holiday weekend and sun is shining... Good luck MO

Impossible to say TWalbyoff Is circa 50k with tankers every 10/11 days, allowing for fuel etc Hard to know exactly, was over 40k of oil per day in Feb, March had the optimisation works and had achieved 50k per day. I would guess in high 40's in April, should have a better idea in May update. MO

LOL GD... Did you remember Alba @ 8% ;-} (was 899 in Feb) Also approx 1.5k boe for 17MMscf of gas... MO

Cheers GD... and Therapist for heads-up !!! Keep going and you'll get your observer status, complete with badge ;-} Q88 has 600k on Navion Anglia as 12.75m with no ballast and 13.6m with 10,000MT of ballast... Think will be 500-550k... but you never know !!!! Good luck all Looks like The Don is heading back to replace Esvagt Sigma, so we'll get realtime for the offload... MO

Stupid link has been aged out... Soz https://af.reuters.com/article/energyOilNews/idAFL8N1SA7I3 Should work MO

A bit more info... https://af.reuters.com/article/topNews/idAFKBN1I50L0-OZATP MO

That sucks.... is approx 18-19k bpd of ENQ production affected... Down since Tuesday, expected back online Sunday... "The incoming Brent and Ninian pipelines at Shetland's Sullom Voe terminal have been shut down after drops of water were found leaking from the process pipework within the plant. Operator EnQuest said the defect was discovered following a visual inspection on Tuesday. Repair work is taking place and EnQuest said a restart was expected on Sunday. Production to the west of Shetland is not affected." Maybe is why strange tanker activity with oil being shipped to the isles... MO

Last tanker stats... Offload #14 (Heather Knutsen) - Started: 23/4 07:30, left 24/4 22:00 (38.5 hours) - Draught change: 2.8m - Estimated Offload: 550k-600k barrels On tenth day... and is now approaching 9.5 days since last tanker left, normally get on 11th or 12th day following last tanker... Was hoping for tomorrow if 500k offload, obviously 2 days later if more... MO

So can sleep... or try... MO needs "Therapist" :-)... Understands MO and ships... From ENQ's 20th March 2018 RNS... "The drilling programmes at Magnus and PM8/Seligi, along with the workover programme at Alma/Galia are expected to deliver production improvements later in the year, with the DC4 programme at Kraken expected to come into production in 2019." Proof in pudding... and will be plenty ;-} Don't forget Enquest Producer, might not have been contributing in 2017, but has had all works required... i.e. from Nov 2017 update.. "At Alma/Galia, finalisation of the optimisation projects for power, produced water and sea water injection, have led to very high uptimes in Q3 on the EnQuest Producer." Anyway, is just observations... Good luck ENQers MO

OK... So we know have had Alma ESP probs and will cost $1.5 on OPEX to remedy, more than likely sand or silicates being pulled in due to pump action and damaging pump blades... Maybe need a screen or similar... Is a guess... MO obviously not happy with this small aspect of ENQ, definately believe is recoverable... According to ENQ, has constituted no reserve write down or reduced production figures anticipated for Alma following work-overs and replaced ESPs... So can be a little positive... Not long until fixed... < 4 months Can also really be abstract and say... That oil could have been extracted and sold at < $40, where now extracted and sold at > $70 Is ying-and-yang... Each to own MO

Heather's new well 2/05-H67 has regulatory completion date of 27-Feb So would be better to judge in March figures... Sister field Broom has had best month in 5... Is swings and roundabouts... Good luck MO

Hey Jan Is defo in high 40k's, also fuel is produced so almost certainly in 50k's as an actual... Is hard to say, but is almost 8.5 days production since tanker #14 left, so hopefully a tanker in next 2/3 days to continue good-run... Take care MO

Jan All figures are NET to ENQ MO

https://itportal.ogauthority.co.uk/pprslive/production-data?start_date=Feb+2018&production_type=OIL&production_unit=OIL_FIELD_UNITS&operator=ENQUEST+PLC&regulatory_jurisdiction=ANY MO

Hi aachi, sadly only to Feb (only out today)... is around 61k'ish boepd for YTD Feb 2018, March production for Kraken will be down by approx 60% due to optimisation works in March... OGA have a minimum 2 months lag... Is best can publicly get... MO