Obsidian Energy Ltd T.OBE

Alternate Symbol(s): OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It has a portfolio of assets producing around 35,700 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused on the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.

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Obsidian Energy Ltd > Ecuador Shuts 2 Lines That Carry 500,000 bbls/day

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Comment by kavern23on Dec 14, 2021 11:28am

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Post# 34229010

RE:RE:Ecuador Shuts 2 Lines That Carry 500,000 bbls/day

I think they are likely having same problem here as Transmountain Pipeline did with massive rains.

Heavy rains or flooding in Ecuador are removing and washing the soil that covers the burried Pipeline. This erosion causes "issues" as the soil and ground the pipline is burried in helps maintain the integrity of the steel.

Exposed pipeline with washed away soil wouldnt be able to handle as many barrels...be a risk of a rupture.