Hey Flam,
Some of the data that was reported in the Qtrly of Dec 2023 would have definitely fed into the calcs by Errol & the Team as supporting evidence Ref below.
And as we know you can't rush independent certifiers (As this would render them non-independent) in the same way you can't reason with a child or pig headed fool. ;-)
And yes, 119 - 240 MBOE is globally significant.. hehe
Alameda-2 early production Ref 18 Dec 2023
Early production from Unit 1B at Alameda-2 was completed in the quarter. Production testing was run for a total of ten (10) days, twice the total duration of the Drill Stem Test conducted in this unit previously, resulting in 20 tanker loads of oil being produced and delivered to offsite storage.
The flow peaked at 1,183 barrels of oil per day (BOPD) and was intentionally choked back to ensure a constant rate for the test period to optimise the collection of reservoir data. The extended period of production also provided important performance data on logistical arrangements for the transport and storage of the oil produced.
The produced oil was sampled for Pressure Volume and Temperature (PVT) analysis and other data obtained were of good quality were analysed by the Company’s geoscience team and consultants. The well was shut in to gain further valuable data on the reservoir’s characteristics by monitoring the build-up of pressure in the well.
The conclusions drawn from this analysis have been important factors in the refinement of the development plan, including well design and spacing, for this upper sheet reservoir.
Updated Upper Sheet resource estimates.Work is complete on updating the resource estimates for the Upper Sheet Amistad Units. Prior to incorporating the results from Alameda-2 the three units of the Amistad reservoir had previously been independently assessed to contain 1.9 billion barrels of oil in place and 88 million barrels ofProspective Resources (unrisked gross best estimate)1(see Table 2).
The Company’s technical team has incorporated the increase in net pay from 100mTVD to 615mTVD (after incorporating the natural fractures) with the much higher quality oil recovered (19° API, 30 cP viscosity and low sulphur content) leading to potentially higher recovery factors into an updated resource assessment for these units.
This new data is being discussed with our independent resources and reserves certifier.Given the highly encouraging DST results in the Unit 1A, 1B and Unit 3, it is envisaged that the central field area of highest confidence might be assigned Contingent Resource category.PVT TestingIn anaturally fractured carbonate reservoir, scaling back pressure during aPVT (Pressure, Volume, Temperature) testserves several critical purposes. Let’s delve into the reasons behind this practice:
Understanding Fluid Behavior:
- PVT tests are essential for comprehending how reservoir fluids behave under specific conditions. By analyzing the pressure, volume, and temperature properties, engineers gain insights into the unique flow characteristics of the reservoir.
- In a naturally fractured carbonate reservoir, the presence of fractures and matrix porosity can significantly impact fluid behavior. Scaling back pressure allows us to observe how these fractures affect fluid flow and phase behavior.
Bubble Point Determination:
Differential Liberation Process:
Flash Liberation Analysis:
In summary, scaling back pressure during PVT tests in naturally fractured carbonate reservoirs allows us to uncover critical information about fluid behavior, phase transitions, and recovery potential.These insights guide engineers in making informed decisions for efficient hydrocarbon extraction.As for messiah, no doubt he took it upon himself to save us all.. gltah h8tey
(20min delay)