Yes. The issue wasn't the FPSO per se, just that its produced water treatment system was pretty much maxed out as the wells were delivering more water than oil. It's allowed for in the design, but as a field depletes it's sometimes the case that a lot more water comes into the processing train with the oil than originally anticipated. It needs to be separated, and the Buffalo Venture FPSO had no capacity left to separate and treat the volumes of water being produced with the 4,000bopd oil. It's something that could have been fixed by installing new equipment with increased capacity, but at the time it was probably not feasible in light of the low POO, low production rates and lack of exploration success.
- Forums
- ASX - By Stock
- Ann: Buffalo Drilling Update
Yes. The issue wasn't the FPSO per se, just that its produced...
-
-
- There are more pages in this discussion • 68 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 CVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $357.7M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 20.0¢ | $377.2K | 1.884M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 517767 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 944125 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 502267 | 0.195 |
20 | 1655975 | 0.190 |
16 | 2318117 | 0.185 |
7 | 821672 | 0.180 |
5 | 327022 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 944125 | 15 |
0.210 | 936325 | 15 |
0.215 | 208847 | 4 |
0.220 | 877168 | 18 |
0.225 | 185001 | 5 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |