Forward work programme ?I think the issue is that there is only so much value that can be gained by selling gas/condensate to South Africa and this will limit the sale price. If we could prove we had oil then it opens up other markets.
We know we have oil in Brulpadda and the science indicates that we should find oil downdip on Luiperd but if we don’t appraise we can’t demonstrate that value to any buyer (unless there is a feature on seismic which I’m not aware of which could be used to demonstrate the oil leg to the satisfaction of the buyer).
Now is the time to go looking for the oil leg either by sidetracking downdip * or by deepening to the lower target (I still don’t know if they drilled both targets or just the upper one). A 2 – 3 week programme could easily answer the above.
If anyone has any contacts in AFE or other partners please give them a kick and try to wake them up to the value that could be gained by spending an extra 2-3 weeks especially since we have to pay for the rig anyway**.
Good luck all.
*I appreciate that given the areal extent of the field and perhaps flat structure ?? a sidetrack might not get far enough downdip to make a difference in which case it would require a new well perhaps even 10's of KM away.
**I’m assuming the rig contract will not allow us to release early without penalties.