Gulf Keystone Petroleum Share Discussion Threads

[oil_investor] 21/12/2016 12:27

1712notout: Shaikan is the key discovery. "Second only to Kirkuk" is how Genel's former Head of Exploration has described it. Together with Atrush, it's vital to the MNR's plans to increase Kurdistan's oil production. Hence the 36-inch Feeder Pipeline (capacity 750,000 bopd) which the MNR are building to run the 10 miles to Kurdistan Pumping Station #2 on the main export pipeline to take Shaikan, Atrush and Swara Tika production, and why Jon Ferrier has said to Mees magazine that connecting Shaikan (using a mixing plant) into that Feeder Pipeline is his "#1 priority for 2017".

[fake taxi] 21/12/2016 12:03

Now of course if any of the numpties had gone to AGM they could have found that out over a beer or two. I still dont understand why those that are losing thousands, which they all are, and have thrown more at the OO wouldn't spend a few quid to go to Dublin.

Will there be a GKPTV to wish you all a Merry Xmas and a prosperous New Year and to inform you that GKP has an excellent safety record which is the priority.



Oilman6321 Dec '16 - 11:30 - 530451 of 530455 4 0

The results of the drill at Al Qush have been known within certain circles for sometime (12 months or so) and weren't particularly considered good.

Plus it is thought that there is a fault between us and them and NO TESTING HAS BEEN DONE to prove that thought wrong.

I best not put up the results but they are common knowledge in Erbil.

[1712notout] 21/12/2016 11:58

1wave
Perhaps
Shaikan the epicentre for unitisation discussions
So buy hold wait IMO

All the best
🚀🚀🚀🚀8640;
🈲🈲🈲🈲7538;

[sidesplitting] 21/12/2016 11:57

They've only been right next to Shaikan for 5 years.

:-/

#SnoozeButton

[1waving] 21/12/2016 11:48

.

Poor results for Exxon on Al Qush gives Exxon greater reason to look towards Shaikan !!!


.

[roverite12] 21/12/2016 11:35

ZZZzzzzzzzz oilman

[oilman63] 21/12/2016 11:30

I don't have to post but I will 😃

The results of the drill at Al Qush have been known within certain circles for sometime (12 months or so) and weren't particularly considered good.

Plus it is thought that there is a fault between us and them and NO TESTING HAS BEEN DONE to prove that thought wrong.

I best not put up the results but they are common knowledge in Erbil.

So I am afraid that ramp won't take off.

Enjoy the rest of your day 😃

[nestoframpers] 21/12/2016 10:50

Police are hunting this man who kicked a woman in the back down a flight of stairs on an underground system. pic.twitter.com/9Z9lXQubPa
— ITV News (@itvnews)

[nestoframpers] 21/12/2016 10:48

a bit silly leaving your ID in the cab

Conflict News ‏@Conflicts 27m27 minutes ago
BREAKING: German authorities searching for a Tunisian citizen Anis A, 21 years old. ID found in the truck #Berlin

[pocopicu] 21/12/2016 10:15

I wonder if maceedees do a drive through next to Manchester Ship Canal. If not Tony will be starving in his (extra large) dinghy.

[1712notout] 21/12/2016 09:53

copy paste

Lapdog jumps


However
The good news:😊ԅ22;😊😊;😊

At median analysts £3.3
At CPR 10%. £4.7

At $6 per 2p. £7.9

So
Massive buy
Clutch tightly
All the best
🚀🚀🚀🚀8640;🚀Ԇ40;

[1712notout] 21/12/2016 09:39

The good news:😊ԅ22;😊😊;😊

Remains

At median analysts £3.3
At CPR 10%. £4.7

At $6 per 2p. £7.9

So
Massive buy
Clutch tightly
All the best
🚀🚀🚀🚀8640;🚀Ԇ40;

[oil_investor] 21/12/2016 09:12

nestoframpers: GKP said on 8 December 2016 that it is a gas-fuelled power station which was built for the KRG. The capital cost was very substantial, and the power station is not yet in use because the anticipated gas supply has not yet been delivered to site.

We know that the MNR want to restrict or reduce long-term flaring of gas, which causes environmental damage and is simply burning money. Earlier this year, GKP installed an air-injection feature in the PF-2 burner in order to stop the smoke which was a problem for local villagers. Monetising the gas by putting it into a power station is the logical move, and the current 3C Contingent Gas Resources figure for Shaikan is 2.355 Tcf, which is substantial. There is also gas nearby at Atrush and Simrit (Hunt Oil). Gathering the gas from these three fields for power generation is an obvious opportunity; whether it would be worth installing a gas pipeline from Swara Tika, I don't know.

Arguably, Shaikan is currently producing rather less gas than was originally expected. The Shaikan Jurassic reservoir was originally believed to be aquifer-drive, so that the oil and gas would simply be driven out of the wells by the (supposed) high-pressure aquifer. But more recently Shaikan has been found to be gas-drive, with a gas cap forming and expanding downwards as the oil is produced to surface. It therefore follows that some of the gas which was earlier expected to be available at surface (putting aside GKP's longer-term intention to reinject it using high-pressure pumps, thereby maintaining the reservoir pressure needed for maintaining oil production) is remaining within the reservoir, in the form of the expanding gas cap. When all the moveable oil has been released from the Jurassic matrix (which won't happen quickly) the gas cap can then be produced, with water taking its place.

In the medium term, increased output from the Shaikan Jurassic (anything from the 55,000/110,000 bopd "Phase One" upwards) will produce more gas. There's a lot down there, that's obvious. And together with the Atrush and Simrit gas, there should be enough IMO for power generation. There are figures available for the levels of gas produced (flared) per day from Shaikan, Atrush and Swara Tika, if one looks hard. The situation regarding Exxon's Al Qush block is unknown.

The significance IMO of the potential use of the gas for power generation isn't primarily (for the operators) revenue, but probably more for removing the gas-flaring problem.

[pocopicu] 21/12/2016 09:12

Oh I forget myself. Ginormous buy!!!! :-)

[dudishes] 21/12/2016 08:38

Seems I'm not the only one shorting this!

[1712notout] 21/12/2016 08:15

Good morning
Sorry too be late
However
The good news:😊ԅ22;😊😊;😊

At median analysts £3.3
At CPR 10%. £4.7

At $6 per 2p. £7.9

So
Massive buy
Clutch tightly
All the best
🚀🚀🚀🚀8640;🚀Ԇ40;

[nestoframpers] 20/12/2016 22:40

I remember BB working out the height of the buildings from the shadows about that time Bob.

[joseki] 20/12/2016 22:32

The answers were in the Muppets Munch

[oil_investor] 20/12/2016 22:25

Author broadford bay View Profile Add to favourites Ignore
Date posted 2015-12-27 14:56

Subject Shaikan Power Station

Votes for this Posting Voted UP 23 times.

Message

Thanks to WZR, I see that kthe correct position of the Shaikan E-Power Station is now being shown and officially acknowledged as Badriya ICE.

hxxp://www.westernzagros.com/wp-content/uploads/2015/12/151214_operator_activity-updated-pipeline-blocks.pdf

It's right at the SW corner of the Shaikan block, about 5km S of SH-4 and about 12km from the PF-1.

For those interested in such detail, the Shaikan PSC identifies this SW corner point as 36-45-13N, 43-14-45E (degrees, minutes, seconds).

Centre point of the Badriya turbine hall is exactly 36-45-13N and 43-14-41E.

From the 4 largish oil storage tanks shown on the sat images I assume it's an oil-fired generator station.

My last sat image of this site is Sept 2014, so I presume it must be almost finished.

It would be nice to think it's going to be fed with Shaikan oil...

[nestoframpers] 20/12/2016 22:24

Whats happening in Paris for women ?