latest wireline analysis results, page-11

Bilo,

The main DF11 field had 10 wells drilled on the structure, & since then there's been a lot more drilled. Chk the figures in my posts # 9745917 & 9976416.

The flowrate data is a bit tricky to decipher & is shown on CNOOC's downstream venture China BlueChem's (CBC) annual reports. Yes there is CO2 present at DF1-1 field, & this is commercially separated & sold off as Methanol.

The DF feedgas currently goes to two facilities, both have a 20yr gas sales contract.

1) First one is at Hainan Phase-1 plant that produces methanol &
2) the second one is a Fudao Phase-2 which produces Urea.

DF1-1 field came online in 2003. From CBC's AR's, I've collated data for the last 6.5 years frm 2007 to June 2013, see below.

- DF1-1 Feedgas for Hainan-I: 6276 million m3
- DF1-1 Feedgas for Fudao-II: 5309 million m3
- Total feedgas consumed : 11585 Mil m3
- Convert to bcf: 11585 x 35.31 = 409 bcf sales gas

- Total days: 2372 (assume 100% uptime frm 1/1/7 to 30/6/13)
- Avg daily flow frm DF11 field: 172 MMCFD

There is bugger all condensate produced, since the DF gas has a very smallish C2 (ethane) component.

That data hasn't been posted for individual fields since 2005 by CNOOC.

In 2004 & 2005, CNOOC reported 3.2 & 3 MMbbls oil frm DF1-1. I don't have the latest figures, as they've batched their production frm various fields under Western South China Sea.

That's the long & short of it.

Feel free to lookup the CBC preso's, drop the figures in excel & do the percentage revenue generation per product, apply a exchange rate of 5.55RMB: 1 AUD, that should give u a very interesting set of numbers. Enjoy.


PS: DF13 field is not hooked up yet, had a couple more wells drilled till June this year.


PPS: Oilman u need to chk page-6 of that PDF report frm where u posted the 'DF log', gives the DF11 well depths etc