RE: indonesia2 May 2018 20:13
I know the target of 1000 bopd by end march, which, this time last year, all of us here, were absolutely sure about it being hit, no problem whatsoever, however, we were all wrong and they are currently producing less than this time last year.
It seems ESP's have either increased production to the levels the wells were at before, or simply maintained the production profile as it was. There must be some merit to what they see with the pumps, otherwise they would not have continued to instal them, although each well has its own characteristics.
fair point on the more challenging workovers, M195, z28 have not delivered and z21 is taking longer than most expected, however, Mike has indicated that the soviet era data they were using was woefully inaccurate and more often than not, they are working blind on the wells, finding out stuff as they go.
This is why andrea got this field without any upfront payments, as it is a challenging field, that the majors do not want, as it is too small for them and most others see it as too challenging for them. It was offered to a junior in this way, because they knew how hard it would be to work it over.
We should be under no illusions about andreas failed promises. He expected good results and bragged about it, however, it has not delivered as he expected, hence is less than animated persona these days.