RE: After EWT, when will you sell? (potential placing again)20 Aug 2024 05:50
We have to remember the purpose of the EWT... With the set up we've already been shown in recent images, I won't be worrying myself about future funding. It is very similar to what Expro supply, (picture on link) to which they say...
"For wells requiring long-term solutions, such as extended well testing or early production facilities, Expro has extensive global experience in delivering tailored reservoir and production requirements.
Used to generate and accelerate cash-flow from production before bringing a permanent production facility on line, these projects are often associated with remote environments or challenging operating conditions.
Extended well testing provides substantial reservoir information which can be used to:
Establish reservoir behavior
Evaluate reservoir in real time
Assess the commerciality and productivity of a field
Determine the field development plan
For wells requiring long-term solutions such as extended well testing or early production facilities, Expro has extensive global experience and success tailoring equipment to meet reservoir and production requirements for wells or fields."
Let's remember this well has been prepared at great cost for production. A fool and his dog knows full field development will cost money but if the EWT comes in as expected I honestly don't think funding will be a problem. Given they have already had a modular production system designed and are more than half way through the environmental study required for development application (both at great expense) I'd say they are very confident of what the results being positive. All combined I'm confident too
https://www.expro.com/products-services/well-flow-management/extended-well-testing-ewt#:~:text=Extended%20well%20testing%20provides%20substantial,and%20productivity%20of%20a%20field
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