Ann: Alameda 2 First Production Results, page-178

Yes great post "pannamen" ... thats what I was thinking Heavy sour crude flowing from and structure mgmt didn't expect to see oil flowing to service .. thats a massive positive ....now I wonder just how many more MMBBLs MAY now has added ? to the soon oil reserves ...

I see yet another income stream >>from the Heavy sour cuban crude ...

I come across this recently>>
The economic value of Cuban crude oil in the international market is about 60% of the reference crudes WTI and Brent. It is estimated that the production cost of a barrel of oil from offshore platforms in Cuba is about $20-35, while the production cost of oil produced from inland oil fields is $13-15/bbl.


60% Wti = USD $42bbls ~ $15bbl costs ~ $27bbl

At present natural flow rates = 192bbl per day x $27 = USD $ 5182 per day ... from a section that wasn't included in the prospective resources discovered..

Add in artificial lift x muti wells ... then one can see oil production multiple of natural rates announced today ...


https://www.reuters.com/markets/commodities/tight-market-sour-crude-oil-squeeze-us-gulf-coast-refiners-2023-05-12/

A lot of refiners in the U.S. Gulf Coast are configured to process the high sulfur crude, and are currently pulling in minimal sour barrels from the Middle East, instead ramping up Venezuelan crude imports, said Matt Smith, lead oil analyst for the Americas at Kpler.

"Middle East barrels are priced so high as to deter any additional buying from U.S. Gulf Coast refiners, leaving them to search for sour seaborne barrels from predominantly Latin America," Smith said.