RE: Forward Company Strategy21 Jun 2023 09:21
Here is you Post KYC: Some interesting points that would be good to hear views in here:
For reference..
We were told, 'Elgood currently remains shut in, with remaining recoverable volumes to be produced cyclically once pipeline dewatering has reduced back pressure.'
It certainly would be good to hear more on Elgood and any remaining potential, including cost implications, preservation of reserves as a factor of onshore compression or not, as well as life of field based on a cyclic-production scheme; in light of historical field and flow data. Initially flowed at an impressive 57.8mmscf/d gas and 959 bbl/d condensate (80/64th inch). This test was not representative of actual flow potential as deliverability was surface-equipment constrained so probably could have tested higher. Through 2022, flow rates declined rapidly over 6 months and flows reduced to