Serica Energy Share Discussion Threads

[fardels bear] 15/10/2018 09:12

I thought that was excellent, almsivi, thanks.

[dunderheed] 15/10/2018 09:06

Thanks almsivi - you get the 'Sqz technical king' award!

[almsivi] 15/10/2018 08:46

lol Spangle, was trying not to bore people.

On a processing facility, the key to preventing hydrate crystals is the removal of water vapour from gas (wet gas causes hydrates, basically) Glycol, in its many varied forms is hygroscopic (has an affinity for water and will absorb it at will) - which makes it a perfect media for flowing wet gas through and knocking out moisture.

A glycol contactor is a large vertical pressure vessel that feeds in lean (read dry) glycol that via a series of baffles, mist mats and other wonderful separation paraphernalia, dries up the wet gas fed in from the bottom. The now rich (read wet) glycol is pumped away to a reboiler system, where the entrained water is boiled off. This creates more "lean glycol" to feed back into the contactor and so the process comes full circle

A very basic outline of the technology is here:

[captainfatcat] 15/10/2018 08:31

While on the subject of dissolving the hydrate crystals.

SQZ mention it their last rns 11/10/2018 "The process is not expected to result in a significant delay"

It has been 11 days since Erskines pipe blockage was first flagged on the bb on the 4th October by a poster RedRossi.

Fingers crossed the clearing process is in its advanced stages and nearing completion and we can look forward to news Erskine is online once again later in the week.

[dunderheed] 15/10/2018 08:18

Yes interesting. I've always referred to "methanol" as have worked on projects where a "methanol wash through" (probably totally non technically correct terminology) was required either at wellhead or similarly in pipes etc to inhibit waxing.
Either way hopefully we will hear goid news soon!! MEG or Methanol!!

[fardels bear] 15/10/2018 08:11

Methanol is methyl alcohol. The stuff you drink is ethanol, Ethyl alcohol. Far as I know..

[vanadiumx] 15/10/2018 08:07

That's methadone

[spangle93] 15/10/2018 07:52

Almsivi - you didn't explain the distinction on Friday between MEG and Methanol

As I understand it, both have a similar role in mitigation against hydrate formation. MEG is monoethylene glycol, methanol is available on prescription for rehabilition.

[fardels bear] 14/10/2018 18:32

I can smell that condi..

[bountyhunter] 13/10/2018 16:00

Yes steel I found the same when I researched a while back which lead me to the conclusion that the temporary management scheme (would be OGA this time) with escrow would be the most likely solution again in light of the requirement to keep the US onside for the waiver. The temporary management scheme has not been mentioned specifically yet this time around but it wouldn't surprise me if they went down this route again in order to reimplement the escrow account.

Re last time an Escrow account was put in place:



Restarting took a while so it's good that that part will not be necessary this time.

[fardels bear] 13/10/2018 14:23

I more the use of the word expropriation instead of theft, though the writer clearly means to imply the latter is being committed.However for theft to be proven, the intention for the permanent denial of the benefits is necessary,

[steelwatch] 13/10/2018 14:11

Hopefully, the OGA or DECC, or whatever it's called these days, will take over temporary management of IOC's 50% as before:

Note the final paragraph:



Was this, in principle, so very different to what happens in countries where we like to think that the risk of expropriation is a cultural norm? The UK government's actions in respect of the Rhum field set an uncomfortable precedent, and could make such an intervention easier to defend if it ever needs to occur again.

[bountyhunter] 13/10/2018 13:19

yes really good to wave the waiver wait goodbye!
still need the escrow account setup to be completed of course but should be a formality as been done before

[pineapple1] 13/10/2018 12:52

lol.....bloody right there.

[dunderheed] 13/10/2018 12:14

FB - yes lol!

[fardels bear] 13/10/2018 11:37

Nice to be able to have the weekend without worrying about waivers, don't you think?

[fardels bear] 12/10/2018 20:50

It has indeed.. See the septic have the garden rakes out tonight. And about time.

[bountyhunter] 12/10/2018 20:35

I think you may need a few more of those free drinks this evening FB, I'll be paying for mine over here where I'm off shortly to see some live music so will catch up later. It's been a bit of a bleak week on the markets generally with the exception of SQZ.

[dunderheed] 12/10/2018 20:20

Sorry to hear that FB. Hopefully sqz will provide that conlusion for u.
Best of luck all.

[fardels bear] 12/10/2018 19:58

No, we've not even been looking at yachts yet. We were persuaded to buy funds against my better judgement. The funds tank like there's no Morgen (bloody Germans all over the place here). The shares I have researched are holding up much better. Need a bounce to flog the funds.

[captainfatcat] 12/10/2018 19:49

FB "neither Mrs Bear nor I like haemorrhaging cash."

You've brought the yacht then!

Sorry couldn't resist...hope things are not to bad..

[dunderheed] 12/10/2018 19:31

Oh but not here surely? Just tiny tick down.
i3 pretty static today but those options were a bit of a f off.

[fardels bear] 12/10/2018 19:28

Yes, Dh, neither Mrs Bear nor I like haemorrhaging cash.

[dunderheed] 12/10/2018 19:15

FB did u get out of the wrong side of bed today matey!!