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A bit more on the boat from Casp website, i hadn't noticed that amount of detail on the website before, have they updated it ?
Caspian Explorer
The Caspian Explorer is a drilling vessel designed specifically for use in the shallow northern Caspian Sea where traditional deep-water rigs cannot be used. We believe it to be the only vessel of its type operating in the Caspian Sea.
Caspian Explorer
The Caspian Explorer was conceived of by a consortium of leading Korean companies including KNOC, Samsung and Daewoo Shipbuilding. The vessel was assembled in the Ersay shipyard in Kazakhstan between 2010 and 2011 for a construction cost believed to be approximately $170 million. The total costs after fit-out are believed to have been approximately $200 million and we believe a replacement would now cost in excess of $300 million and take several years to become operational.
In June 2021 we announced the first charter for the Caspian Explorer since it has been a part of the Group. The charter was with the North Caspian Operating Company (“NCOC”), which is the principal operator in the region, comprising the Republic of Kazakhstan working through KazMunaiGas (KMG), and international oil companies including Shell, ExxonMobil, Eni, Total and CNPC, the consortium operating the Kashagan field.
Operational characteristics
Operates principally between May and November as the shallow Northern Caspian Sea is subject to winter ice – elsewhere it can operate all year round
Operates best in depths between 2.5 meters and 7.5 meters
Can drill to depths of 6,000 meters
Typically has a crew to operate the drilling vessel of 20
Has accommodation for approximately 100
Costs approximately $100,000 per month while moored in port
Is generally able to pass on other costs incurred while operational to the clients hiring the vessel
Rhertig - This might help, there is a section under signal shares that mentions about shareholders who live abroad ;
https://wp-caspiansunrise-2020.s3.eu-west-2.amazonaws.com/media/2022/11/CS-dividend-letter-to-sharehoders-10-11-22-Final.pdf
Does this mean that some of our oil is going to be sold internationally again as MR collect from us and we deliver to domestic market by tanker i believe, so oil being transported to the main pipeline suggests it's going to be sold internationally.
Tender description:
acceptance, preparation, storage, transportation and delivery of commercial oil to the main oil pipeline system from the south elemes yuzhny field.
A bit more detail on who bought Totals share of Dunga.
https://www.upstreamonline.com/production/totalenergies-strikes-deal-with-kazakh-oil-magnates/2-1-1365699
Divi being payed out on production of 2,400bopd, we were producing earlier this year circa 4,000bopd, shouldn't be too difficult to acheive this again with a bit of remedial work. I make that about a 65% increase in production, i doubt the divi would go up that much but it should surely increase substantially.
Where are all the doom and gloom merchants that supposedly held shares, funny how they never comment on a good day.
Does the start of divi payments, now put to bed the argument that this will be taken private on the cheap. probably not because those muppets only post to cause doubt & division.
No one seems to have mentioned that apparently 802 has flowed :
The Company remains encouraged by the strong oil shows from Deep Well 802. Following an extensive cementing exercise we are now preparing to drill a side-track from a depth of 2,416 meters to a depth of 3,900 meters to target the first interval of interest from which the oil encountered to date has flowed
Extract from seeking alpha article;
This year Kazakhstan is offering record numbers of new block entry opportunities, with some licenses reserved for national companies.
In the Precaspian basin, new offerings along the southern basin margin, near to the super-giant Tengiz development, contain producing assets with possible upside potential to be found in deeper sections. Nevertheless, GIOCs collectively are declining opportunities to acquire additional exploration acreage in the basin, apparently concerned over the high cost and long lead times for development projects, and the increased challenges over export routes. Kazakhstan authorities therefore are hopeful that the new block offerings will attract interest from domestic investors.
and
Kazakhstan hopes that the Kashagan field and its infrastructure will serve as an anchor for the development of satellite fields offshore, but GIOCs now appear reluctant to take on further full-scale "mega-project" developments. Instead, they prefer to invest in smaller-scale phased projects in or close to fields which are already in production.
https://seekingalpha.com/article/4547693-precaspian-basin-strategic-prolific-and-prospective-but-challenged-by-high-costs-export-issues-and-domestic-policies
Seems to me that Kazakhstan is trying to appeal to all sides, dont forget at the moment 80%of Kazakh oil flows out through Russia to world mkts. For Kazakhstan, the challenge will always be to find a peaceful balanced geopolitical path that satisfies both the West and Russia.