The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
B4N,
Hi, yes my mistake, of course FLNG, FEED has been underway for ~18 months now as for lead-times, who knows what our future partner may or may not have 'to hand'. Agree, achieving EIA approval is critical for farm-in partners to closing a deal. atb
aimo & dyor
Wiggly,
Just need, nothing more (other than being invested), cometh the day, cometh the rich man .... a little :
https://youtu.be/273eSvOwpKk?si=U6COFbkMIcb0S7-K&t=5
aimo & dyor
Logically, production could start within ~12 months using FPSO in service for a year or two on contract whilst sub-sea pipes, onshore facilities and export route are completed given the right partner.... just saying !
aimo & dyor
"After it is disconnected, the Western Isles FPSO will be towed to shore for potential reuse. The vessel will be recycled or disposed, if it is not reused....."
I would have thought, particularly with reference to NS, any FPSO that is able to be 'reused' extending its designed CoP for cost effective expenditure would find a willing home, off the top of my head I can think of at least 3 suitable candidates, if not plenty of other options outside of UK waters.
aimo & dyor
Before any clown points out it's Thursday ...... they are missing you :
https://www.facebook.com/BillySmartsCircus/
"Serica have been awarded Block 29/2a in the 33rd UKCS licensing round, it contains the decommissioned Kyle oil field and it is clear that after a bit of TLC from Mitch and the team be a tie-back to the Triton FPSO, very smart move…..."
"EIA approval for the Anchois project is indeed massively important for Chariot as it provides the vital permission to go ahead with this key project and perhaps more importantly further de-risks the ongoing development. Indeed, on this front the partnering discussions are continuing but there is a heavy nod here in the words ‘close to conclusion’.
We know from presentations at the Morocco Summit last week that activity in country is moving on at a good pace across the board, see my blog from Friday where I comment on the onshore drilling programme which is on schedule. Indeed on the fact that Eni are drilling the Cinnamon-1 well offshore which in the event of success provide another spotlight on the country.
My long term Target Price for Chariot, which includes the renewables business across Africa’s mining business remains at 100p...."
Well positioned for move to ~260p over next few weeks, if not before.
aimo & dyor
Think the fact that Morocco imported 700% more gas from Spain than it did a year ago plus Morocco relies on imports for over 90% of its primary energy needs, has focused minds on getting our development up and running. I guessing that the price Morocco pay for their imported gas would be considerably more than any GSA with CHAR of which don't forget ONHYM take 25% profits, just need .... https://youtu.be/273eSvOwpKk?si=U6COFbkMIcb0S7-K&t=5
aimo & dyor
Palms greased, green light, no more 'red' tape to halt the project :
"is valid for five years and covers all aspects of the development including future wells and offshore infrastructure, the onshore Central Process Facility and link to the GME pipeline..."
Plus, "alongside" not independent of :
"This is a key building block for sanctioning the project's development, alongside other activities such as our partnering process which is close to conclusion.."
aimo & dyor
33rd Licensing Round Tranche 1 Potential Awards by Block :
https://www.nstauthority.co.uk/media/ch4f5oil/33rd-licensing-round-tranche-1-potential-awards-by-block.pdf