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Got to wonder about the sherwood too,Lidsey is only 4 miles from the coast and when they discovered watch farm it was because of zones like the kimeridge However, following the identification of marine kerogens in a well on the Isle of Wight, the Wareham-1 well was drilled to test (Jurassic) Inferior Oolite and Bridport Sand targets. Initial interpretations of the well suggested that no significant reservoir sands were present. Geologist Vic Colter at the GC disagreed and argued that the log responses resulted from thick permeable intervals punctuated with hardbands, similar to those seen in the nearby Bridport Cliffs. It was this interpretation that led the GC to drill the discovery well at Wytch Farm.
Don't think there will be a two for one again but you never know,to much could happen to sell any at the moment,but if your talking hobnobs,might be able to buy them in Waitrose soon
Sounds good,and out partners also said it was looking at the aim listing on 22 march around the time koots started mulling this over,touchstone will be listed on aim 26 june
Don't know about Monday,but definitely as the week goes on up to the launch of Columbus,and as there is so much going on and planned for trinidad I can see why Leo wants a part of it
Published: Thursday, May 25, 2017 State-owned Petrotrin is expected to increase its crude production by a further 21,000 barrels of oil per day (bo/d) over the next three years at an estimated cost of $5 billion, according to Energy Minister Franklyn Khan. Speaking on Monday at the sixth conference of the Geological Society of T&T, Khan said that Petrotrin offers the best hope to increase crude production in the short term. With this in mind, he announced a planned jump in the company’s production by 21,000 bo/d or a 30 per cent increase from its current production. In an interview with the Business Guardian at the same conference, Petrotrin’s president Fitzroy Harewood said the company has been gradually increasing production to the point where it is up to 46,000 bo/d from 41,000 bo/d in December, a jump of 12 per cent. Asked where the 21,000 bo/d output increase was going to come from, Harewood said, “So the combination of drilling on land, which we want to push up to two rigs if we can next year, and then the resumption of drilling in Trinmar next year as well as the EOR (enhanced oil recovery) activities will give us some fillip.” Harewood said the company would also be returning to exploration drilling, or searching for new crude. He pointed out that under a production sharing contract with the government, the company is expected to drill three wells in the North Marine Block in 2017, but while it will start two of the three in 2017, all will be completed in 2018. “We are working towards starting that work in the fourth quarter this year and the next well in 2018. The licences acreage is North Marine and we have an obligation to do exploratory wells. Actually it was suppose to be the end of 2017 but when we took some time to review our prospect generation and do some more work on the data set, the ministry allowed us to go to 2018,” Harewood told the Business Guardian. Mobile production facility to be commissioned Harewood said the wells in North Marine are being drilled based on the recently acquired 3D seismic which gave Petrotrin improved sub-surface vision and he was quietly confident that it will generate good prospects. “They are exploration wells based on the 3d seismic data we have done, and we have looked at the prospects and leads and the expectation is that we should have some good prospects. We are doing some de-risking of the prospects right now and doing peer reviews and it should give us some good co-ordinates to go after and it will see what it brings us,” he said. Khan revealed that the state-owned company will spend over $5 billion in the next three years on exploration and production as it tries to get additional equity crude for the refinery. One such project is the South West (SW) Soldado project in which crude has stayed in the ground for years because of a lack of infrastructure to produce it. Harewood said Petrotrin was m
Perfect timing would be after hours rns before the unveiling of Columbus,I'm sure it will be a well planned launch
A week tomorrow and he promised it will be different,they will have had enough time to tweak some wells,don't forget these wells have been managed for long term production and they will give more on a better pump and the underlying problem with these wells is pressure and that is being targeted with the troc scheme that bp have started,big day 15th June,I'm loving this month,what a start to the summer
He talks about an unconventional funding,I guess that is where his war chest comes in,knots did say that when they change the name it will be done very differently and maybe he is going to announce this on the same day
Yes TT and he had Klein there as well,so he must have talked about the funding,20% 30%,like you say,chocolate hobnobs,got an offer buy one get one free
TT,don't it's been pleasant not having to see every one arguing with him,shame about the people who persist in talking to dross though
Weald basin in U.K. Is 100 miles wide at one point and the kimeridge play stretches up the middle of the country and out into the North Sea,so really 80k is nothing and look at where we have assets less than 10 from biggest oil reserves in the world
I think that this is further proof that the high api oil is being pushed up from another source,could be a big gas reservoir,hoping for the same in the Weald UK,good news coming this month I reckon
#BP unlocks 2 Trillion Cubic Feet of gas in place offshore Trinidad. Full release: bp.com/en_tt/trinidad…
Not just kooks strategy,T and T talking about other countries too
Share:FacebookTwitter TRINIDAD and Tobago, as the oldest petroleum-producing country in the Americas, needs an “entry strategy” in relation to becoming involved in other regional states that find themselves in the advantageous position of also discovering oil or gas. With its 100-plus years experience in the business, this country can clearly provide invaluable advice to those places, which may multiply in the years ahead as more fossil fuel finds are made. Right now, our relations with such countries is on an “ad hoc” basis but that is simply not good enough as far as Dr Dax Driver, chief executive officer (CEO) of the Energy Chamber of Trinidad and Tobago, is concerned. “We are trying to encourage the Trinidad and Tobago government to have a national strategy in these matters,” Dr Driver told Energy Insider in an exclusive interview. “We want to be able to fit in with that national strategy but it does not exist at the moment.” The unexpected discovery of oil and gas offshore Caricom’s headquarters territory, Guyana, is what has propelled this subject to the forefront. Become a subscriber to the Trinidad Express Newspapers for access to all our articles via our vNEWS. Subscribe to vNews | Log-In to vNews TagsBUSINESSBUSINESS
Imbert not commenting on gas find yet: may affect stocks* May 31, 2017, 11:14 PM AST 0 Comments MINISTER of Finance Colm Imbert yesterday restrained from making a definitive statement on the new gas discoveries by BP in Trinidad and Tobago waters. “I have been advised that it is not appropriate for the government to announce discoveries of hydrocarbons without appropriate consultation wi
Shell to acquire Chevron in T&T May 31, 2017, 11:19 PM AST 0 Comments ENERGY giant Shell has signed an agreement to acquire the interests of Chevron’s subsidiary in Trinidad and Tobago, including its holdings in the East Coast Marine Area Blocks 6, 5a and E. The May 29 agreement is subject to certain customary conditions. “Trinidad and Tobago represents a
He said the renaming was going to be exciting and different and two weeks tomorrow,the more I look at the SW and the surrounding off shore I can see the attraction,these oil plays do not just stop or start off shore they are continuous,land and sea and if you look at what has been accomplished at wytch farm in Dorset from on shore Extended-Reach Drilling: Breaking the 10-km Barrier www.slb.com/.../oilfield_review/ors97/win97/ex_drilling.pdf directional drilling continue to be pushed back as horizontal ... Wytch farm extended-reach drilling. ... The world’s longest extended-reach well has a stepout ...
I agree alsugar and he has promised something different,going to be quite a week following the election,UK policy on non frack oil sites are going to give permitted permission on development,cannot wait
Shaken Opec seeks to work alongside shale oil producers The Telegraph via Yahoo Finance UK