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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sirius Petroleum Plc | LSE:SRSP | London | Ordinary Share | GB00B03VVN93 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.40 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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25/1/2021 14:52 | Fire is still raging on the Ororo-1 well, in shallow water Oil Mining Lease (OML) 95, eight full months after a blowout occurred on the Hydraulic Work over rig Grace-1 HWU. The rig was involved in re-entry operations on the well, located in shallow water Oil Mining Lease (OML) 95. Although the company that engaged the services of the owners of Grace-1 HWU was Guarantee Petroleum, a Nigerian E&P independent, the Nigerian government, having revoked the rights of the company to the field, took ownership of controlling the well fire. The Department of Petroleum Resources (DPR), last May, told Africa Oil+Gas Report it would do all it could to extinguish the fire, including possibly drilling a relief well and engaging Boots & Coots Services, a Halliburton owned firm of well control specialists, to put out the fire. Grace-1 HWU, a Hydraulic workover rig reportedly owned by Joeny Holdings, was contracted by Guarantee Petroleum, for the job of re-entry and completion. Ororo Fire, in May 2020 The operations experienced a sudden rush of hydrocarbon fluids speeding up from over pressured reservoirs at depths deeper than 8,500 feet to the surface and forcing a blowout. The Blow Out Preventer (BOP) for the main well bore and the BOP for the annulus (the space between the pipe and the skin of the well), both failed. The reservoir pressure was 8,000 pounds per square inch (psi) and above, surface pressure was about 4,600psi as of the time of incident, according to field data. It’s a widely held view, by a range of technical specialists in the industry, that such a highly pressured well should not have been re-entered with a workover rig which has less than adequate BOP. Competency. Some argue that there should have been a sidetrack and not a re-entry, but if there had to be a re-entry, it should have been done with a rig with at least 2,000 horsepower BOP. Indeed, Chevron had plugged the well with a steel plug during abandonment in 1982, because of the pressure challenges. What is uncertain is why the fire has been left for so long, with clear environmental consequences. . | ![]() htrocka2 | |
25/1/2021 14:52 | qpr: Looking at it, I think the lift boat that went on fire has sunk, and that is one of the legs sticking up. I thought that Chevron with Boots&Coutts were being employed to put out the fire and re-seal the well, so I don't know why it has been abandoned and left to burn. I'm surprised that they are allowed to just leave it burning. | ![]() vatnabrekk | |
25/1/2021 14:49 | (posted lower down) | ![]() htrocka2 | |
25/1/2021 14:47 | 5cer: I can't put in the full link because it gets automatically removed by the system. So I had to edit it. It won't work if you just click on it, so you need to copy the link and paste it into your browser, then it should work. | ![]() vatnabrekk | |
25/1/2021 14:31 | If that is a recent picture there doesn't appear to be much left. | ![]() qprallan | |
25/1/2021 14:14 | Vatna - you need to highlight. | ![]() 5cer | |
25/1/2021 13:52 | It seems that Ororo1 is still burning. This is a photo supposedly taken this month. //africa oil gas report.com/2021/01/s (This link won't work if you just click on it, so you will need to copy it and paste it into your browser.) | ![]() vatnabrekk | |
25/1/2021 13:22 | It looks as if the O@G companies are playing Nigeria at their own game.....no one's investing in O@G until they know what they're up against. | ![]() htrocka2 | |
24/1/2021 22:28 | HT: Abura is in OML 65, onshore. It is not in OML 119 which is offshore. | ![]() vatnabrekk | |
24/1/2021 21:22 | Stick to off topic articles HT | 1sonic | |
24/1/2021 21:17 | Lot of red herrings here over the years and until its announced its not certain. | xerot | |
24/1/2021 21:05 | I'll throw my two penneth in...I'm probably barking up the wrong tree, however, there seems, to me, to be a bit of mis-direction here. In an article below, The well publicised large deal regarding OML 65 is currently producing oil from ONE field in Abura. Whereas in the following article OML 119 has, currently, TWO producing wells...also in Abura.. Has there been a reporting mix up here...are we talking about OML 119? (apologies if I'm wrong) | ![]() htrocka2 | |
24/1/2021 20:28 | Sirius, with a funding consortium and a technical consortium, would appear to be in a better position than CPDC to partner the seemingly hapless NPDC. Sirius looks like a middleman facilitator, the agent that gets things done. Maybe takes a % of field revenue or a stake in the asset. Minimal risk. | ![]() dr rosso | |
24/1/2021 19:48 | Dr Rosso: That report doesn't say how / where CMES-OMS JV will source the required funds. I read somewhere that their top man is a pal of Buhari, but I can't find that particular report again. Here's another interesting report I stumbled upon. They don't seem to think a great deal of CMES-OMS JV: //africa oilgas report etc /2020/02/farm-in-far "NPDC HAS ALWAYS OWNED OML 65, an asset it has produced for 41 years, from a single field, Abura, now doing about 900Barrels of oil per day. There had always been upside prospects to this field, but NPDC is a poor investor if it was one at all. Now, to drain the recoverable reserves of 244Million barrels of oil equivalent that NPDC’s reserves consultants believe are in this asset, the company closed a Funding and Technical Services agreement with a company that has never been known to engage in drilling a well, let alone produce a field. The parent companies of CMES-OMS JV are engaged in EPC and oil field security solutions. They are neither proven explorers nor experienced oilfield producers. The explanation that CMES-OMS would source money (based on the asset pool) and hire technical workforce to do the job throws up the question: Why will a 31 year old state funded E&P company, which boasts of managing several assets over the years, hand over an asset to an inexperienced company to manage on its behalf?" Edit: Forgot to include the link in original post! That's an interesting question. | ![]() vatnabrekk | |
24/1/2021 19:35 | Did 119 ever get awarded to anyone? | ![]() cornishtrader1000 | |
24/1/2021 19:09 | CPDC look like a bunch of pipe fitters, rather than a genuine production outfit. How come they can access nearly $1bn and be involved with the substantial oil block OML65? It`s a FTSA, meaning that CPDC will procure the funding + the technical work. Now Sirius appears on the scene, with $600m now being sought. How does Sirius fit into the equation, are they taking over CPDC, with the FTSA contract transferred over? No ref to the amended deal on the CMES-OMS website. And don`t forget OML 119, similar arrangement with NPDC which lacks the necessary funding + technical know-how to develop its assets. | ![]() dr rosso | |
24/1/2021 17:45 | Agreed bumhammer this guy is way off his rocker | xerot | |
24/1/2021 17:36 | Oliver has been on filter since last year. Needs sectioning | bumhammer | |
24/1/2021 17:18 | Praise ye the board ------- I don't think so. | ![]() 5cer | |
24/1/2021 16:55 | Oliver your on filter now pal | xerot | |
24/1/2021 14:36 | O/T ref Sunday worship. At least we have a choice if we want to go to church or not on Sunday. In 1555 AD,a year after Mary Tudor, being a staunch Roman Catholic and fearing the rise of Protestantism, came to the throne and had the Government pass an Act of Parliament declaring, either you attend "Mass" on Sunday or go to jail...your choice. With spies everywhere, the jails were always full. People didn't attend church because of the 'fear of God'...but the fear of the Queens edict. | ![]() htrocka2 |
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