Hi all,
From page 15 of Bye investor presentation July 2017 it sums up and perhaps clears up the capacity of the SM71 platform. see below
Manned Tripod
Robust oil and gas throughput to handle future exploration success
6 x well capacity
Oil
4,500 Bopdfrom wells
on SM71
15,000 Bopdthroughput
Gas
20,000 Mcfpdfrom wells on SM71
75,000 Mcfpdthroughput
Water
5,000 Bwpd
With a 15,000 Bopdthroughput this may be very handy for quick production of any further oil fields discovered nearby (VR232) or additional production from new wells in SM71.
It is also interesting to note on the same page, that Bye opted to connect a 4 inch (100mm) oil connection instead of the (6inch 150mm) oil connection, as it is only 500 ft from the 8 Inch production crimson pipeline, so it would be quite cheap to connect an additional pipe at a later date, if necessary. In contrast to this, a 6 inch (150mm ) gas pipe was connected to the 30inch Kinetica production pipeline as it is 7000 ft (around 2.3K ) away from the platform.
Obviously, the above confirms, that this platform is ready for, and capable of handling, just over 3 times its current production.
I think Oel/Bye may have some interesting plans for generating major income in the not too distant future.
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- Ann: BYE: Lease Sale 250 Results and SM71 Update
Ann: BYE: Lease Sale 250 Results and SM71 Update, page-3
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