Basically its like a time-lapse. Think of it as an equivalent of taking a selfie each year on your b'day. Each year there's something different as part of the ageing process. Out in the Deepwater, u take a high res image pre-production, compare that with earlier ones where the wells were flowtested. A few years later revisit with another 3Dseis & so on. It is money well spent by a JV.
For instance at SNE, he JV should have record of 3Dseis from 3 surveys shot from 2007, 2015 & currently in 2019, alongwith any VSP survey done during drilling the appraisals. This will help them in identifying Oil-swept zones, any attics or isolated compartments where oil that can b flushed out at a later date by optimum location for a future Oil producer or water/gas injector.
I think their phase-1 gross reserves, i.e 2P - 230 mmbbls should last apprx 8yrs ballpark estimate. Compare that with Jubilee in Ghana, its produced 265 mmbbls from 28th Nov 2010 to 30th June 2019 & the JV r now chasing another 2P-300 with their next phase). Hope this helps.
- Forums
- ASX - By Stock
- FAR
- Cairn Half Yearly
Cairn Half Yearly, page-22
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
50.0¢ |
Change
0.005(1.01%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
50.0¢ | 50.5¢ | 50.0¢ | $12.37K | 24.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19418 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 129688 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19418 | 0.500 |
1 | 47555 | 0.495 |
2 | 29755 | 0.485 |
4 | 89930 | 0.480 |
2 | 70000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 129688 | 3 |
0.520 | 109910 | 3 |
0.525 | 60000 | 2 |
0.530 | 60000 | 2 |
0.535 | 115000 | 3 |
Last trade - 15.44pm 31/07/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online