GREY:HRTPF - Post by User
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Rzbernon Jan 13, 2015 6:27pm
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Post# 23315815
FPSO POLVO will complete. What they do then?
FPSO POLVO will complete. What they do then? 1/13/2015 5:35 to oil, gas and mining HRT oil stocks; '$ 100 anymore,' says Al-Waleed Since oil prices started to implode in December, HRT decided simply to be stored until the price per barrel react. The company extracts oil in Polvo field in the Rio de Janeiro coast. The production of Octopus is about 10,000 barrels per day, and the company's FPSO vessel is capable of storing up to 1 million barrels. HRT is to wait for the market to turn because it had about 400 million reais in cash at the end of the third quarter. **** In the opinion of Prince Al Waleed bin Talal, the market can not turn soon, and the world seeth the barrel to $ 100 never mais.Al-Waleed bin-Talal In an interview with USA Today published yesterday, Al-Waleed, who has a fortune estimated at 30 billion dollars and is considered the most influential Arab world, said the following when asked if oil will continue to fall. "If the supply stays where it is and demand remains weak, you can know that it will fall further. But if part of the offer is withdrawn from the market and if any growth in demand, prices can rise. But I'm sure we'll never see $ 100 again. I said a year ago that the price of oil above $ 100 is artificial. It is not right. " Al-Waleed, who is a nephew of King Abdullah and grandson of Ibn Saud, the first Saudi king, is also one of the richest men in the world. His investment company, Kingdom Holding Company, is the largest single shareholder of Citigroup, the largest shareholder in News Corp. after Rupert Murdoch, and, along with Bill Gates, controls the Four Seasons hotel chain. The prince also said the decision of Saudi Arabia not to cut production when prices began to fall was "prudent, smart and clever." "If Saudi Arabia had cut production by 1 or 2 million barrels, these barrels have been produced by others, which would leave Saudi Arabia with two negative points: less oil produced and lower prices. Then at least we took a beating in the face of an angle, which is the price drop, but no reduction in production. " "Although I totally disagree with the Saudi government, the oil minister and minister of finance in most things in this particular case I agree with [the decision] the Saudi government to maintain production where it is." By Geraldo Samor https://veja.abril.com.br/blog/mercados/petroleo-gas-e-mineracao/hrt-estoca-petroleo-us100-nunca-mais-diz-al-waleed/ ________________________________________________________________________ According to the report above, means that the last load was sold in the 577,000 (3Q14). Charging regarding the production of October, November and December (4Q14), which would be negotiated as the fifth negotiated by the company 500 thousand barrels, will not come out and are being stored in the FPSO. According to the calculations the FPSO should be almost full. What will you do then? They will stop production and continuing paying rent of anchored FPSO? Buyers who purchase HRT will not be waiting, especially with the great current offer in the market. Has a saying: hard to the customer, but the customer lost to competition hardly back. According to this part of the report described below, the FPSO has only 1 million barrels capacity: "The company extracts oil in Polvo field in the Rio de Janeiro coast. The production of Octopus is about 10,000 barrels per day, and the company's FPSO vessel is capable of storing up to 1 million barrels." Thus, even complement this January. Worse yet, this week. october.2014: 9,747 bbl / d = 292 410 / month = accumulated: 292,410 / month november.2014: 7,219 bbl / d = 216 570 / month = accumulated: 508,980 / month december.2014: 9,500 bbl / d (estimated) = 285,000 / month = accumulated: 793,980 / month january.2015: (15/01)? 9,500 bbl / d (estimated) = 142,500 / = 15d accumulated: 936,480 bbl