RE:RE:RE:RE:RE:RE:RE:Lord SkanderDon't have an interest? Perhaps you know more about oil deposits than i do?
A complex heavy deposit? Is that all?
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Let's looks at what Shell has done BEFORE making those comments;
- Shell has spent close to $200 million in Albania via investing in Petromanas initially entering into a JV [with a minor company] and then buying up the JV from 50% -> 75% -> 100%!
- Petromanas oil deposits are beside Bankers Petroleum producing oilfields. I will not even try to explain what that does to cash costs for extraction and synergies in the upstream cycle further bringing the costs down [i.e. Molishti, Shipirag 1,2 and 3]
- Bankers Petroleum has the expertise and knowhow of the oil basin [Patos Marinza] as they are drilling and producing. Area is hosted by large, fractured carbonate structures that have been known to produce big oil fields.
- Further to this, Bankers Petroleum has already got the current streaming planned @ 70,000 Bpd from the Patros Marinza field to the Fier Hub and then to Vlore port. Current pipeline utilised by Bankers is only from their field to the hub. By buying out Bankers Petroleum, Shell will once be able to utilise the synergies and bring down front end and operational costs.
- You are accurate in saying that Bankers Petroleum has a heavy oil clastic resevoir but it does not eliminate the prospect of Shell utilising their area expertise in drilling and operational aspects. Being an onshore field, Bankers has knowledge in horizontal drilling that area.
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Although i do not really foresee Shell coming in, i would still not disregard the possibility totally. Shell has operations in Heavy oil in Canada. If they were to see that the numbers work in terms of extraction and to the well head, they might move in.