Member Info for Therapist

chartered as subsea with ROV - not giving up yet . . .

All,

On her way to . . . . Kraken. Subsea works with a ROV. Destination rules out decomm works, so Inspection at Kraken or a little looksie at Bressay?

GLAXXX

All,

Olympic Artemis booked for a week for subsea work with ROV. Might be decommissionong, might be standard inspection and migh be working out how to stick a snergelly hose up (down) Bressay.

Will keep a watching brief.

GLAXXX

All,

Only a couple of million but pieces in news about settlement with Prosafe . . freeing the team up to sort out BP.

GLAXXX

Hi,

No it doesn't what? Flare? I think we are saying the same thing aren't we

https://www.offshore-mag.com/field-development/article/16781479/multifuel-engines-to-power-north-sea-kraken-floater

Hi L3 et al,

Gas revenue alluded to is from company FY reporting.

Below includes a gas sheet for gas assumed sold. For 2019 that adds up to 4692 boepd for the year.

https://www.dropbox.com/s/0cggz9023a4rdiz/Enq OGA Oil and Gas data Jan 19 to Oct 20.pdf?dl=0

The figures in these sheets are OGA figures with gas converted to boepd. If any are out then I know OGA figures can sometimes change retrospectively, or it is operator error. I apply any machinations to this data further down the line.
Kraken is capable of operating on treated well gas so I assume it is used there where possible rather than flared. Not counted as saleable regardless.

I have found my gas anomaly (!) so will look at that in due course.

GLAXXX

Hitman,

Not sure what time you picked up on that but Brent currently $56.37 just so we're clear. Regular updates aren't what they used to be. Too busy wrestling.

GLAXXX

Pelle,

I think it will go up Neil tomorrow . .. or did I misunderstand the question.

GLAXXX

Hey Primetime,

You've given me an idea for hold 4 of Enquest Seducer. Ramping Fight nights. Turkish "oil" wrestling most appropriate I think. Ramper v De-Ramper tag teams. Might need you as commentator.

GLAXXX

All,

"Dumpity Trumpity."

It's not Politics it's Humour . . before it all got deleted early this morning.

GLAXX

All,

Detail is hidden on EnergyVoice so over to the Shetland News for those who care;

https://www.shetnews.co.uk/2021/01/13/enquest-files-25-8m-legal-claim-against-bp-over-unpaid-invoices-at-sullom-voe-terminal/

GLAXXX

Hi L3 et al,

GKA exports gas as well as Magnus. Alba possibly.

NS gas revenue last year ,taking out Magnus excess purchased sold on, was around $45million which isn't small change and becomes higher percentage of production as non gas producing fields decommission.

GLAXXX

GKB,

"Pumpity, Dumpity" I like that. So we bore the frick out of them with a levl of pointless detail that knows no bounds, they go and pumpity dumpity elsewhere and the share price might go down? We therefore need to do a deal with the pumpiter dumpiters to keep us on an upward trajectory. If we all take a side and filter each other we can work in perfect harmony - nirvana.

The filter button is conveniently located at the top of the screen. On your marks . . . .

GLAXXX

Hi L3,

I try my best. Lot of Green here also. I didn't expect this level of pointlessness on the way up, bizzarely it's a sort of reverse psychology stitch up, ramp a share so much to the distaste of a holder such that they sell rather than buy to avoid the cess pit of mindless drivel.

Anyway, I'm on meds so it doesn't matter.

Not sure I have the gas spot price correct but have a wholesale price and conversion to boepd. Difficult to make sense of last two years actuals as skewed by sell off of uneeded purchased gas for Magnus. Shows in revenue and cost of sales so assume at little loss/profit. I think I have Malaysia about right but NS a bit iffy.

In posted files the traffic light data is all straight from OGA so no shrinkage etc. I think you asked previously.

Regards and of course GLAXXX

Hi,

A serious question!!

Does hedging apply to gas sales as well as oil? Is it across the board or oil specific?

Trying to unearth an anomaly in my finely tuned spreadsheet.

Ta,

GLAXXX

All

Scott Spirit just off Stavanger and due at Scapa Flo from Kraken on Jan 17

GLAXXX

Plethorus,

Not even a dinosaur, your name sounds like one, I thought you might be.

I'll do the "I'm no expert" bit first, and of course it depends on Brent and related/unrelated pricing for income, but I look quite hard at production and I think that is a key driver and it isn't as simple as company predicted production x average brent. There is gas boepd discount to oil, there is Malaysia and BP allotment, there is OZ, there is Kraken/Tapis Premium/Discount (currently on the up). Company guidance is akin to; "don't worry about it."

I still think we are in good shape.

GLAXXX

Primetime,

Maybe Farina is the Baron? Baron(ess) Farina Khan . . .cool name.

Time for some meds . . .

GLAXXX

All,

Hope nobody fell for the "Baron von Trapp".

Close but I managed to swerve it. Had the cheque book out and everything.

I might throw in a bit more linguistic Munchausen to keep them guessing.

GLAXXX

All,

Appears to be the Red Baron thus far!!

GLAXXX