RE: Day of reckoning is coming26 Feb 2020 22:22
Enquestrians,
In another attempt to blindfold oneself to global doom and with end of month OGA data on our number hungry doorstep I offer the following. Tune out if this is too sad and crunchy.
I now agree, after several self inflicted and misguided dalliances, with McLondoner and others, that Enquest company reported figures include site related fuel usage and that is stripped out after to get to sales volume. The "shrinkage" text posted by me earlier could be read in two ways but I now think "shrinkage" relates only to pipeline related production and not OTL. Page 121 of RI Prospectus is the only place I can find reference to daily production versus sales volume. Here we see reductions from production to sales ranging from 6.63% to 12.88% (just cos it comes out of the ground doesn't mean you can sell it), which has always bugged me that some people offering figures don't account for that. Using that evidence I'm starting to plug those figures into my income expenditure sheets to see how they stack up to actual reported sales figures.
Incidentally GKB I found an environmental assessment that said in 2018 Kraken lost the equivalent of 3.5 barrels total overboard!! Lucky Fish.
Moving on, and if anyone wants to join the guessing game, this gets me to something just over 65650 for Dec OGA BOEPD (so Malaysia not in there).
New graphs will have a reality busting sales volume line.
GLAXXX