Gulf Keystone Petroleum Share Discussion Threads

[steephill cove] 06/12/2024 12:47

16 wells reactivated.

A 2.8 mile pipeline built to connect it all.

3 concrete & steel crossings in rugged & undulating areas, built to international standards, to facilitate increased crude oil production.

They've invested an awful lot of time & expense only to find out that it’s all landlocked by APIKUR 😭✅\00;⏳

[redbed] 06/12/2024 12:39

They are trying very hard

[steephill cove] 06/12/2024 12:33

The Bai Hassan oil field is adjacent to & runs alongside Kirkuk ✅

So the Iraqis have reactivated 16 wells & built a 2.8 mile pipeline to connect it all? 🤔

It can only go one way = North & into the Iraq 🇮🇶 Turkey 🇹🇷 pipeline which goes through Kurdistan 💪

They better get a jig on to reopen it! 😭⏰\03;

[nestoframpers] 06/12/2024 11:28

Classy 1wav thanks .

[1waving] 06/12/2024 10:42

Here it all is. The full version.

1waving15 Mar '14 - 11:49 - 345182 of 714849 Edit
0 8 0
Equipoise made another howler --- by contradicting themselves ?

Have a look for yourself.

Besides the already acknowledged dodgy presumption by Equipoise that the OWC starts at 1450m TVDSS across the whole oilfield despite strong evidence to the contrary, wiping out billions in OIP and the resultant reserves/resources figures etc, another howler from them looks very clear from their very own contradiction in the CPR itself !!

This little gem is from a short paragraph from the CPR has contradicted the Equipoise assumption that the OWC is at 1450m across the whole field and that between 1450m and 1975m TVDSS has dual porosity/water in fractures across the whole field, therefore effectively wiping out all but a minimal amount of the reserves and recoverable oil volumes in that 525m.

Here is the very relevant short paragraph from Equipoise:--

CPR Page 39
'However, the fact that the oil column in the Jurassic is over 1,000 m thick, and that the aquifer is only present on the flanks of the reservoir rather than directly underneath, reduce the chance of early water production.'

The North to South Cross Section image, figure 5.6 on page 21 of the CPR goes further with an image to demonstrate that point clearly. Refer to that, makes it clear. ( Also a slide in the presentation. )

So Equipoise demonstrates that along the middle of the 30Km long West-East Axis of the field there is no water, so no OWC from 1,450m, which brings into play the 525m depth already discounted across the field, along the length of 30KMs.

The width of the field N-S is about 6-7 KMs. With the bowl shape of the non-water zone in that 1450 to 1975m zone along the axis, the average width looks around 1-2 kms.

30Kms long by 525m depth and 1-2Km wide, that's a hell of a lot of volume of both rock and oil to miss out on through error or omission !!!!

Assuming that zone is just 1Km wide and a net pay of 100m at 12% porosity,
gives 2.26 billion barrels OIP.........


SH-6 drilling should have the utmost urgency and priority.

...and Equipoise need drilling........
..into the long grass.


.

[nestoframpers] 06/12/2024 10:25

This is a important one Re the CPR

1waving 15 Mar'14 - 11:49 - 345182

[0ili0] 06/12/2024 09:53

TFBD5IOOTW

[bang_gone] 06/12/2024 09:27

IWNWTBOOTOTW

[shortsqueezer] 06/12/2024 08:03

Especially when they regularly find themselves with not enough water to drink or irrigate crops!

[steephill cove] 06/12/2024 08:03

BP are there to sort out Kirkuk & reading that article it’s so apparent why.

Kirkuk is clearly in a very poor state!

Kirkuk is a priority to the Iraq Central Government & BP clearly see profit though.

The Iraq to Turkey pipeline is a HUGE priority for Kirkuk; Iraq & BP ✅

[steephill cove] 06/12/2024 07:55

Wow:- 60000 barrels of water per day injected by Kirkuk previously to make the oil flow freely is now up to 1 million barrels of water now to achieve the same!

Boy oh boy do Iraq need GKPs Shaikan field BIG TIME ⏰⏳✅;👍

[shortsqueezer] 06/12/2024 05:02

Thanks Oilermam. I've been waiting to hear that!

[highlander7] 06/12/2024 04:26

Judgement day on its way ! Get that pipeline open !!

3rd December 2024 in Iraq Industry & Trade News, Iraq Oil & Gas News, Politics, Security: By Herman Wang and Lauren Holtmeier, for S&P Global.

Trump may target Iraq's oil sector with sanctions to counter Iranian influence: sources

US President-elect Donald Trump's planned maximum pressure sanctions campaign on Iran may extend to neighboring Iraq, according to three sources familiar with the discussions, targeting OPEC's second largest crude producer and a known oil smuggling hotbed.

[highlander7] 06/12/2024 03:57

Nothing sinister after all. Just protocol.

john@john78846295: 13h

Member of the Finance Committee: Amendment requires presence of Finance Minister, but the Finance Minister visited the Sultanate of Oman, so the article was removed from today's session.

[nestoframpers] 05/12/2024 22:36

Were are still here as the oilmans dream is still in a just scratched the surface phase.with Peake oil still a decade off , perfect storm .

[oilermam] 05/12/2024 19:08

For info, last of shorts closed today. Can only be good news. GLA

[cicero666] 05/12/2024 19:07

Nest
Some great retro reading in your numbers. Many thanks to you and H7 for reminding me why I've been in this 'dog' for 15+ years.
Great days to come for all of us!

[adamrugen1066] 05/12/2024 18:57

No longer having the bailiffs chasing you doesn't constitute an 'absolutely great' financial situation, Sarah.Big relief to everyone that this year's MOT isn't going to push you back into destitution.

[radfordp] 05/12/2024 18:40

ShaMaran Petroleum seemingly unimpressed too, about news

[redbed] 05/12/2024 18:26

https://x.com/majeed66224499/status/1864633787553919007?t=Id7vUJ5viB4iut8lFeTtOA&s=19