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Eco (Atlantic) Oil & Gas Share Discussion Threads
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|ExxonMobil plans second Guyana FPSO
Executives float idea of 'design one, build multiple' facilities to produce massive Liza find
2 Mar 2017 04:07 GMT
ExxonMobil plans to install a second, bigger, floating production, storage and offloading vessel at its planned Liza development off Guyana and sees potential for more, depending on continued appraisal and exploration success.
The US supermajor currently plans to bring Liza on stream through an FPSO that is lined up to be converted by Dutch floater specialist SBM Offshore and will have production capacity of 120,000 barrels per day of oil. It is planned to be installed by 2020, with a final investment decision expected later this year.
On Wednesday, ExxonMobil senior vice president Mark Albers said the company is planning for a second phase of development involving a second FPSO on Liza, with capacity of around 150,000 bpd.
The second phase appears to be scheduled to come on line within a few years of the first phase, based on a graphic in ExxonMobil's Analyst Day presentation, though Albers did not give a specific timeline.
The second FPSO can be supported with volumes already discovered at Liza, as well as at the Payara discovery on the Stabroek block.
ExxonMobil estimates it has found between 1.4 billion and 2 billion barrels combined at Liza and Payara, Albers said, and that resource can support the deployment of the two FPSOs right now. Further exploration success could require additional production vessels, he said.
"The upside is multi-billion barrel unrisked potential — it's quite large," Albers said.
ExxonMobil is currently drilling the Snoek exploration well to the south of Liza and then plans to return to Liza for the Liza 4 appraisal well, which will test the eastern flank of the field and further investigate a deeper oil-bearing horizon found in previous appraisals.
Albers said ExxonMobil is being "very methodical in our appraisal and exploration programme" in order to assess future FPSO-manufacturing plans.
"We have the opportunity to build these vessels to take contractual advantage of 'design one, build multiple'," he said.
|1 trade...news coming.|
|Indeed...thanks Keya5000 and here and there..|
|£4million II and the rest retail. Mainly Shard capital clients. i took part in the IPO. Know the company well, been a shareholder for 5 years|
here and there
I got some in the placing.
Looks a good one.|
|were individual private investors eligible for placing when floated or were funds raised with large private investors ? thoughts welcome...|
|Guyana & French Guiana are going to be massive oil & gas fields these next few years thats a cert, its finding the oil minnows that have tagged along with the big boys where the moneys to be made.
Total offered HNL £75m for there 1% of the joint venture back in 2012 which HNL refused ho ho no but its still hold that % and after more.
Its the place to be imho.|
|Great looking stock -
|Try it again...|
|Thank you keya5000|
|Should be both?
ECO Atlantic--Next door to Exxon Offshore Guyana
Premium BB Broadcast Thread with READ/WRITE options on the Free BB|
|PIRI and WTE make an investment here -|
|Thanks keya5000 but not a PBB so that all your blicks like me can post as well!|
Eco Atlantic Oil and Gas is an international oil and gas exploration and development company, focused on the identification, acquisition and development of upstream petroleum opportunities in politically stable and technically de-risked jurisdictions around the world.
The Company is listed on the Toronto Stock Exchange (TSX-V) and has a strategic portfolio of offshore projects in Guyana (South America) and Namibia (Africa).
In partnership with Tullow Oil, Eco Atlantic holds a 40% working interest in the 1800 km2 Orinduik offshore block in the shallow water of the prospective Guyana-Suriname basin. Notably, the licence area is adjacent and updip to ExxonMobil’s world class Liza discoveries where recoverable resources could be c.1.4 Billion barrels and field development planning has begun in earnest.
In offshore Namibia, Eco Atlantic operates and is the major interest owner of four prospective licence blocks in the Walvis Basin; Sharon, Cooper, Guy and Tamar. It is estimated that 25 billion barrels of prospective resources could be held within this licence area. The Walvis Basin is a proven petroleum system and Eco Atlantic is working in partnership with Tullow Oil, NAMCOR and AziNam on projects in the region.
Eco Atlantic comprises a qualified and experienced management team, whose skills are utilised to operate the offshore licences. When a licence is acquired, Eco looks to bring on board a reputable and globally recognised oil and gas partner to assist with the development and operating of the licence block. In addition, Eco Atlantic’s Board and Management team fully understand the assets and the countries in which it operates, which leads to the development of successful relations with local governments and with other oil and gas companies operating in the region.|
|How about a new thread with all the charts etc from a BLUE poster?|
|I may buy some for a punt. I won £250 on scratchcard last week.|
|Coming to AIM this week.
Could be interesting.
Acreage next to some very prominent players with fantastic discoveries righ on the boundary of the block.|
Happy new Year!|
Interesting times ahead for Namibia Oil E&P
Eco oil and gas presentation - 13/1/2013. Namibia Play.
Four Wells Planned in Walvis Basin:
- Repsol/Arcadia/ Tower Block 2011A (Q1 2013)
- HRT Blocks 2112B 2212A (Q1 2013)
- BP Block 1912B Subject to Government approval (Q2 2013)
- Chariot Blocks 2312A/B, 2412A "Central Blocks" (H2 2013)|
|more to come...