According to the OGA map the Buchan field is tied to the forties pipeline, 30miles. The OGA has the pipeline labelled as “not in use”. The Brittania to Fergus pipeline also runs very close to the Buchan field (7 miles) this is labelled as Active.
Below is a link to the monthly well data from Buchan, right up to May 2017, when production ceased. Between Jan 2017 and May 2017, there were still 5 active wells, which over the last 5 months produced 310K BBL of oil.
https://opendata.arcgis.com/datasets/df4e83cba74d43c9a705f47c210f41f4_1.csv?outSR=%7B%22latestWkid%22%3A4230%2C%22wkid%22%3A4230%7D
Check out field data information for the GBA provided by the OGA.
The Oil and Gas Authority (OGA) has initiated a new Area Plan to maximise economic recovery (MER) from the Greater Buchan area of the North Sea, and has identified a further 150-300 million barrels of oil equivalent (mmboe) estimated to be present in the area.
The dashboard below reflects the production history for the Buchan field on a monthly basis since 1981, and hopes to provide further insights into the potential for that area. The production data is monthly by well and latterly daily by well, and was provided by Repsol Sinopec - the Buchan Field Operator. Daily production data by well can be reported and subsequently disclosed by the OGA, upon the determination of the production licence. You can also download the dataset, at either daily or monthly intervals, using the download links near the bottom of the page.
https://data-ogauthority.opendata.arcgis.com/pages/buchan-sup-round-dashboard
So, another trading week nearly upon us, so what will the week ahead bring? Hopefully, we will see an early breakout from £2. Some more positive news will help, such as 3D results, buy in by Equinor, big investor buy-in, more director deals, etc etc, maybe an RNS tomorrow. IMO not a good time to be out of JOG. Goodluck to all this week.
Can we please stop encouraging this idiot by replying to his posts. If we ignore him and keep reporting his posts, maybe he go away. Unless, idiot baiting amuses you, which it can at times but I've just had enough of this moron.
I managed to access all the same data that was a available to JOG as part of the license bid. It’s readerly available in the public domain, all you need to do is create yourself a free account on the OGA website. Be aware though, the number of datasets is huge and extraordinarily complex, so unless you have a geology PhD (I only have a Msc), forget it.
The interactive field maps are very interesting and worth a look just for them alone. I’m trying to see if I can get some flow and output information before Buchan was shut down in 2017.
In order to get the GBA(Greater Buchan Area) field further developed, the OGA(Oil and Gas Authority) have released huge amounts of data to interested parties as part of the 31st Offshore Licensing Round. This includes data from 154 wells and various 3D seismic surveys, so there is no doubt that JOGS BOD knew exactly what they were bidding for, 300MMboe
https://www.offshore-technology.com/news/offshore-licensing-greater-buchan-area/
It's at this point, at the top of the recent rise we could do with a news boost, otherwise I fear this will drift down again. Based on this having happened on two previous occasions there is a huge temptation to sell, but with possible 3D just around the corner and maybe news on future drilling proposals I for one will hold. To hold JOG you have to be an optimist dont you?
I topped up last week at 57p, but £400, all I could afford. Still, averaging down, so loss not so great after the last 2 days. Need about, £1.50 per share to break even. Maybe next year when drilling restarts, still have a lot of faith in the management.