RE:RE:RE:Wassana goldwatch69 wrote: Q1 or Q2. More like 27,000 bopd. Wassana could become a 10,000 bopd field with the new wells planned. That would mean 30,000 bopd without Manora.
Jasmine 9000
Nong Yao 11000
Wassana 10000
Total. 30000
Strong Buy!
You guys put the bar much too high, which will only produce frustration.
At Wassana, they produced around 2000 bpd the last time and will take a staged approach now. So be prepared for something like 1000 bpd in the beginning.
Actually they should be around 19k bpd....they're still short, because of the 2 Wassana "wild cats".
If they can get their act together with Wassana, they may reach a Q4 exit rate of around 20k.
While the Nong Yao expansion should bring a few thousand bpd...the Fspo is not even there...no production wells....will take time.
Wassana 10k bpd ? If they drill heavy there, they can bring it to 4-5k bpd. Any higher numbers rely on the outer expansion and they don't even have a plan for this and no production unit and no pipelines there. Nong Yao expansion is the blueprint, so expect a Capex of 70-80m for a Wassana expansion (though they talked about used equipment etc...so maybe a bit less).
They have to add a second rig, to get to the 25k range...more costs. Good or bad...it's just a claculation thing. My personal view is: The ressources are finite. Bring the oil out of the ground as cheap, as possible, not as fast as possible....but I guess, I'm alone with that view.