Hurricane Energy Share Discussion Threads

[the guardian] 02/1/2020 15:33

Could I just say that I am not 'The Guardian' referred to in post 7115.

I may have to change my name to 'The Times.'

[gisjob2] 02/1/2020 15:02

Only if we can vote the Scots out ! It's what they want anyway

Never quite understand the SNP. They want more powers from London only to hand them to the EU who are hellbent on closer union, Discuss - only not on this page. Back to HUR for me.

[luckygit] 02/1/2020 14:57

2014 Scottish Independence Referendum.2015 General Election.2017 General Election.2019 General Election.2020 Scottish Independence Referendum.Seems fair to me. ??????????????????????????????????????????

[telbap] 02/1/2020 14:40

You already had your referendum, you voted to stay........or did you forget that small point?

[bocase] 02/1/2020 14:35

Can we please keep political discussion off this board. This is not the place for it.

There are about sixty posts to wade through to find anything relating to HUR which is not acceptable. This is a first class board. Let's keep it that way.

[steelwatch] 02/1/2020 14:12

Come on folks, let's not descend into internecine strife here. Plenty of good Scottish cash invested here as well I'm sure.

Re: water disposal, looks like it's expelled over the side after separation and clean-up:

[luckygit] 02/1/2020 13:21

Why would a Scottish Nessie want to be interviewed by that old, nasty, smelly, bullyboy, overweight unionist Andrew Neil? LOLFrom the Gaurdian."Britain fell for a neoliberal con trick – even the IMF says so ... the UK has been asset stripped and left debt ridden. The economy is much much weaker than anyone is letting on." Would Scotland want to stay in a union that has been destroyed by greed when it can be a similar country such as Norway, Sweden or Denmark? England's "empire" is almost gone. There is the strong possibility of Ireland uniting again. Plaid in Wales is gaining strength rapidly. Scotland will have another Independence Referendum in 2020.It's hundreds of years that England has had the advantage of other countries to Leach from. England will have to stand on its own shortly, without the benefit of it's generous neighbours.

[telbap] 02/1/2020 13:03

Interesting read for all the peeps out there thinking the North Sea oil revenue will save Scotland...https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/853118/Disaggregated_tax_and_NICs_receipts_-_methodological_note.pdf

[sji] 02/1/2020 12:38

FFSADVFN: I would guess that the water is taken ashore with the tanker offshore because if so, the estimated oil carried by the tanker would be more in line to what the company has estimated (2.8m barrels sold in 2019)!

[bountyhunter] 02/1/2020 12:34

Good point, I assume it goes into the slops tanks on the AM but don't know if discharged to sea or tanker after that.

[ffsadvfn] 02/1/2020 12:32

Is the water cut percentage cleaned and put back to sea or stored as slops and taken ashore with the tanker offload?
If taken ashore this will have increased the gross tonnage, thus making it difficult to give accurate oil offload by weight.

[bountyhunter] 02/1/2020 12:29

When both wells are producing concurrently we may be able to estimate how much is contributed by the second from the water cut assuming that remains constant from each well for a while.

[ngms27] 02/1/2020 12:24

There's more chance of Nessie doing an interview for Andrew Neil than Scotland sharing a currency with the UK.A sovereign national with different fiscal policy cannot share a common currency.The best Scotland can hope for is having a Scottish pound and trying to peg to the UK pound. However that won't work as Scotland will have to devalue by force from currency speculators...

[bountyhunter] 02/1/2020 12:19

Yes sji there should be around zero water cut in the currently producing well with the 'perched' water all/mainly from the second well due to produce concurrently from later in January. So it's interesting to note that they don't act as one well wrt the water cut.

[luckygit] 02/1/2020 12:08

The same old chestnut. What currency will Scotland use if it becomes an Independent country?Simple.The same currency that the rUK will buy our oil with is the honest answer.Interestingly, Scotland owns around 8.5% of the Bank of England. That's a nice leaving present.It was James Patterson, a Scotsman from Tinwald, Dumfriesshire, who founded the Bank of England in 1694. Another first for Scotland.A great shame the present Government in Westminster, after 10 years in charge, have increased the Uk's national debt to over £2Trillion. Their incompetence is breathtaking. They also have the audacity to shackle Scotland to their debt even though most of that money is spent in southern England, not forgetting the £3billion they bunged the Irish DUP, to buy their support with taxpayers money. Nasty business.

[sji] 02/1/2020 11:54

O&G figures are for October 2019 and we already knew that there was a substantial increase in water production from Well 7. Oil production during that period averaged 12,500 bopd. Currently, we are producing from Well 6 only and consequently, the level of water production should be substantially down, hopefully compensated with increased oil production.

[thegreatgeraldo] 02/1/2020 11:51

October production 13,928bopd, with water up to 2,162bwpd?

[extrader] 02/1/2020 11:48

Hi all,

There's been a lot of discussion re the 'uninformed' decision made by the 17.4 m who voted to leave the EU, I'd hope the Scottish electorate will have a chance to make their decision based on honest discussion re :

(1) Track record of the SNP in their use of so-far devolved powers : it seems (and I'm open to correction) that their record is a bit 'meh ' - whether it be the cost overruns on Holyrood, the NHS performance stats, the use of Barnett formula monies.

(2) What currency an independent Scotland will use ? If GBP, it won't run an independent economic policy, if Euro it'll have currency risk with its major trading partner and be swapping one master (BoE, over which it currently has some sway) with another (ECB), over which it has none.

(3) Becoming subservient to the European project seems a curious form of 'independence', assuming it is accepted on current terms....and is accepted as a new member by those countries with separatist issue of their own, notably Spain and Italy. The EU has shown with the recent Eastern European applicants that its keenness on geographic expansion has weakened, esp. if the applicants have high social costs or political 'baggage'.

(4) Trading relationship with 'rumpUK' eg terms on which energy relations will be handled : Scotland currently exports high-cost renewable electricity to the Grid when wind is blowing/sun is shining and leaves England to address the intermittency factor from its conventional baseload. This is typical of the 'co-operative, not necessarily commercially sensible aka hidden cross-subsidy' arrangements that work regionally and in countries that have a 300+year shared history of trade, but would need re-visiting for separate countries.
Any honest appraisal of costs of independence need to take this sort of thing into account....and explain the likely impact.

(5) Don't get me started on unravelling defence matters....but the SNP should explain how they see this - and its unravelling - working.


Two final thoughts :(1)it's said of the French that politically their heart is on the left, but their wallets are in their right pocket. I think - if the facts were known - the same would apply to the Scots.
I , for one, as a part-Scot (Wallace, no less) hope so.

(2) Suggest peeps read 'The fifth risk' by Michael Lewis (of The Big Short and Liar's Poker fame) ...per the FT ' a horrific catalogue of all the things that can go wrong if a government takes its eye off the ball..." and allows political ideology to trump (geddit ?) good governance on which civil and civilised society
depend.

ATB

[dcarn] 02/1/2020 11:41

Latest production figures just been updated on the O&G website, 14910 b/d on 15th Oct 19.

[stepone68] 02/1/2020 11:31

JonnyT, it's impossible to separate regional funding like that. Any figures you have seen will be estimates.

And the important point to realise is that even if those numbers are correct, Scotland requires that extra funding because we don't get the same investment that England does, leading to economic under-performance. An independent Scotland could invest in the industries that make money and hopefully reverse the damage done by the recent decades of under-investment as part of the union.

[thegreatgeraldo] 02/1/2020 10:34

Jimarilo
2 Jan '20 - 01:30 - 7087 of 7099
0 8 0


You cannot rely on oil & whisky as your main source of income, considering fluctuations in poo, particularly the price crash after the 2014 referendum, peak production was in the late 90's and now there is a 25% tariff on whisky exports to the USA.

..25% tariff on some of Scotland's whisky exports to the US

[bountyhunter] 02/1/2020 10:00

Anyone interested in Hurricane on this thread anymore? The Lloyds thread is much better for Brexit/Independence discussion! 😉