RE: RE: From the Dec.06/12 Energy Report MJ -
* this was discussed at length some time ago on one of the two links I posted.
* AGIP last increased MMTs production quota in December of last year for the 2012 calendar year and the nr came out on December 22nd of 2011.
* MMT is hoping to increase its alloted production to between 16,000 to 18,000 barrels of nominated oil to AGIP for the 2013 calendar year. Other Cluster D partners are also expecting increases such as Energia / Oando and they have even stated they expect said increase is set for December...i.e. this month.
* Wade, the analysts that talk to MMT (Stonecap and Cormark), Midwestern (the pipeline operator), Energia and Oando...etc etc...all have stated that they expect the pipeline to be running by Q2E - 2013.
* AGIP can allocate more oil for 2013 to the cluster partners because its own OML 60 etc oil fields that feed into the Brass River Oil Terminal are turning into gas producers as the oil cut decreases. Thus AGIP's desire to build the Brass River LNG plant.
* AGIP will gladly collect more tariffs on Cluster D oil rather than have unfilled pipeline capacity into said oil terminal. Simple economics.
* if you want questions answered on geology, reservoir management / expectations, regional infrastructure and geology etc etc....you know where to go. The link was posted.
* as always this is Nigeria but please if you want to talk facts do a little more proper dd.
Use or flush....OJ