General Thoughts, page-7765

Some Africa Oil Investors got the following interpretation on ** (you need Swedish google translation):
Total CEO Patrick Pouyanne about Venus: He said 5k is not good and 15k is good. Then proceeds to say that multiple tests were good.
The conclusion of the ** optimists: Venus had a well test of around 15.000 bbl/d and they tried to get confirmation from AOI management:



I think: The Venus perm of 2-4 mD is poor according to perm classification. But for Total 2-4 mD is good because it is better than the uneconomical 0,7 mD from Shell in the neighbouring block. Perhaps the Swedish optimists are right and Venus was tested with around 15.000 bbl/d.

Galp published: The Mopane-1A well encountered light oil and gas-condensate in high quality reservoir-bearing sands, once again indicating good porosities, high permeabilities, and high pressures, as well as low oil viscosity characteristics with minimum CO2 and no H2S concentrations. Galp tested with 14.000 bbl/ (constrained). Unfortunately, we do not know how much the test was constrained and Galp did not tell us the perm. So the Mopane perm could be in the range of 2-4 mD according to the not published 14.000-15.000 bbl/d tests in Venus. If the Mopane well test was heavily constrained, GALP would have a few 100 mD reservoir, Then Mopane would be a very sweet spot. (And we have the permeability turbidite range hints in the paper from the super optimist Dr. Mello who is very good connected with Namcor)

My optimist wish list for the Saturn leads (hopefully soon prospects):
very low viscosity black oil, good permeability according to classification = something like some hundred mD(and not relative to the 0,7 mD discovery from Shell)

For Venus with the poor perm of 2-4 mD I see another problem for the future: when you produce the field below the bubble point, the oil viscosity will increase and then I doubt that Venus can maintain good production rates.