Interesting to see if we do indeed have much Nat gas in the deeper traps.
If so, it could be well-utilised on the Heavy OIL in 1A UNIT-3 production.
Gas injection is a method of enhancing oil production that involves the use of gases that dissolve in the oil to reduce viscosity and improve flow rates, such as natural gas, and nitrogen, and, that expand in a reservoir to push more oil to a production wellbore. Gas infusion accounts for roughly 60% of EOR output.
And as to those numbnuts that seem happy to promote a NAT GAS play in a Basketcase country in Africa with zero infrastructure ...huge CAPEX needs zero partners ..
MAY/SNGL have a great opportunity to not only make some export earnings but supply all the needs for CUBA refinery forward demands
As we know Alameda Discovery is around 10-15kms from the Varadero OIL tank battery that has pipelines to the deep water port "Matanzas"
Matanzas port has a pipeline that can handle 134,000bbls per day of oil flow !(this is where CUBA brings in much of its OIL demands from overseas producers)
That pipeline ends up at an OIL Refinery "Camilo Cienfuegos Refinery" that I found can refine 65,000bbls per day
But as I've said before I see CUPET coming into the picture with an offtake agreement for MAY/SNGL OIL maybe we see CUPET pay for the pipeline and some development wells for set amount of OIL
For the period to 2030, CUPET has conceived several ambitious plans and projects in order to enhance its profitability and productivity, as well as to develop its oil refining industry. Among these can be mentioned:• Expanding the refining capacity of the oil refinery located in Cienfuegos province to 150000 b/d
- Forums
- ASX - By Stock
- Ann: Block 9 - Maiden Contingent Resources
Interesting to see if we do indeed have much Nat gas in the...
Featured News
Add MAY (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $107.8M |
Open | High | Low | Value | Volume |
3.1¢ | 3.2¢ | 3.1¢ | $4.251K | 136.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 2412210 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 967884 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 2412210 | 0.030 |
15 | 1413613 | 0.029 |
6 | 2857858 | 0.028 |
4 | 361000 | 0.027 |
3 | 488499 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 967884 | 8 |
0.033 | 574794 | 7 |
0.034 | 1025000 | 2 |
0.035 | 1040266 | 2 |
0.036 | 75000 | 1 |
Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |