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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Comment by Dirksidetrackon Dec 19, 2021 3:29am
179 Views
Post# 34244334

RE:RE:RE:RE:RE:RE:RE:Rig Component Failure/Replacement

RE:RE:RE:RE:RE:RE:RE:Rig Component Failure/ReplacementYou said "There would be automation and control checks that would last days as well on a rig like this."

You ever here about diagnostics and scanners? Heck my neighbour has one for his two Mustangs. Plug it into the socket under the dash and it checks all systems in microseconds. He had a transmission problem the other day and the scanner pinpointed exactly where a bad solenoid was. I didn't even know that transmissions these days had so much electronics built in them. The scanner cost him $150 US.

Thanks to microcomponents they can pack a lot of electronics in small spaces these days. Ever wonder why things like Iphones, satellite receivers etc are a small fraction of the size they were just 20 years ago delivering even better quality and much more functionality? Called microelectronics. Do you not think that Maersk can afford high tech stuff? Companies like NOV have a shack near or on the drill floor loaded with electronic monitoring, scanning, diagnostic stuff. They know exactly what needs replacing or should be replaced before it fails. Days??? Try microseconds, but hey carry on....

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