Gulf Keystone Petroleum Share Discussion Threads

[beernut] 10/10/2021 13:51

October 10, 2021 8:00 am by David Sheppard , Kate Duguid and Valentina Romei
What next for oil prices after hitting multiyear highs?

Oil is normally the king of the energy market. Where it leads others follow.

But in the past few weeks it has been usurped. Natural gas, which for decades was primarily priced off oil contracts, has become the leader of the energy pack, as the crunch in supplies globally has pumped up prices.

Oil has not been immune. Crude prices are starting to take off due to the spillover effects of the gas crunch, as some sectors look to replace gas with oil where it is economically feasible to do so.


Rystad, an energy consultancy, thinks oil demand could be boosted by as much as 1m barrels a day this winter through gas-to-oil switching for power generation and heating alone.

Line chart of $ per barrel showing US oil price jumps to highest level since 2014
That is helping to support oil prices, with global marker Brent crude hitting its highest in three years last week at $83 a barrel, and US benchmark West Texas Intermediate reaching a seven-year high of $79.

With the Opec+ group declining to accelerate the return of production, and oil demand rebounding hard of its own accord as economies emerge from the pandemic, that is likely to keep support under crude. Will it regain the crown? Not yet, but higher prices may still be ahead. David Sheppard

[nestoframpers] 10/10/2021 13:41

Pipeline thieving , a tiny hole .... looks like a 40 inch pipe

[hydrocarbon1] 10/10/2021 11:56

The Keystone XL Pipeline Project (Phase IV) revised proposal in 2012 consists of a new 36-inch (910 mm) pipeline from Hardisty, Alberta, through Montana and South Dakota to Steele City, Nebraska, to "transport of up to 830,000 barrels per day
....................................................
This project cancelled but oil from tar sands - some of the heaviest, dirtiest and corrosive. Thought the name interesting and dimensions good ref point.

[nestoframpers] 10/10/2021 11:43

On the Ecotricity website they used to show this graph , I mocked it on social media and they took it down.

[nestoframpers] 10/10/2021 10:44

We were told 700K , cloaks and mirrors , I imagine several barrels of oil will pass through a 40" pipe in a fraction of a second .

GKP have known plenty to get the FDP out years ago .

[eddie47] 10/10/2021 09:47

At 40" it is a bit more than 700k, I believe Nesto.

[nestoframpers] 10/10/2021 09:23

You might well ask K$N$K , there is of course a 700 K a day pipeline going straight past shakian with just Atrush's 40K in it along with ours.

[supergiantshaikan] 10/10/2021 07:18

HTTPS://twitter.com/AlaliQasem/status/1446841406795010055?t=-0WKwqY9mybSh1Na0_fYiw&s=19

[k4n4k] 10/10/2021 00:49

Nesto - let's not forget the BoD bleating about hitting 400kbpd. WTF went wrong here?!!! 🤣🤣🤣

[eyesandears] 09/10/2021 21:51

All the morons are enjoying the divi. Oh except Doggie! What an r-sole he is 😂😂😂😂8514;😂ԅ14;😂😂;😂😂

[nestoframpers] 09/10/2021 21:44

By the time GKP have finished producing from the Jurassic they will have about $30 billion in the bank , DOH .PMSL

[officerdigby] 09/10/2021 21:13

OK cool a reasonable discussion.

Permian - All that early work was done before my time here.

In order to drill and produce they need the gas handling facilities it that right?
Is that also the case for Triassic?

This is what don't add up. What give away all the divi's when they need the cash for the gas sweetening and handling. Don't make sense.

Unless there is the take over or a joint venture,

But if that was the case then why divi's. Should go with buy backs and ShaikanSuperPAul has been spouting for years and years and years!


cheers all.

[beernut] 09/10/2021 19:50

That’s the one Habshan

Thanks.

Some scary pressure down there light oil and gas.
But we don’t need it everyone loves our sludge.

Gla

[nestoframpers] 09/10/2021 18:48

P16 of the DGA 2010 report gives total depth of SH1 as 2950

[howard smith] 09/10/2021 18:18

So at least 800 metres of oil bearing zones without even considering the Permian

[nestoframpers] 09/10/2021 18:12

Funny init a month after that RNS in 280 the presentation slide just shows a depth of 2100 ms

[highlander7] 09/10/2021 17:24

At one time the limit for Blowout Prevention kit was 15k lbs/square ins. So that was what they reached at the surface on SH1. Nowadays I believe its up to 20K , but I have been retired for a while so it may be higher.

Still very dangerous ...it would need to be worth the risk.

IMO

[howard smith] 09/10/2021 17:16

That almost blowout was the first hole they drilled, the discovery drill, the hole that all the krg dignitaries attended the naming plate special ceremony for afterwards, can not name any other oil field discoveries in Kurdistan since where they held such an event, the ceremony where they talked about the unmeasurable amounts of oil that had just been discovered in the Shaikan anticline.

[nufc9] 09/10/2021 17:08

"SH-13 expected to come onstream imminently;"

GKP made no mention of issuing "news", so stop lying by saying it is 5/6 weeks overdue.

All we know is that for whatever reason it so far hasn't been RNSed.

Even Broadford said you don't complete a well and fit an ESP if that well flows little to no oil.

Broadford - "You wouldn't fit an ESP to a well / string that didn't indicate it would be worth it."

What we do know is that the well underwent a normal testing regime which showed that flow was enough to justify the considerable expense of completing it and fitting it with an ESP, and we also know that so far an RNS has not been released confirming that it's in production and what the flow rate is.

So instead of trying to create scenarios in your head, and lying by saying news is 5/6 weeks overdue. Why don’t you just sit back and wait for the next update.

P.S. thanks for your obsession with me a few weeks ago. Those purchases I made on your behalf are all nicely in profit..