RE:RE:RE:Monkfish tastes like lobsterDfly, Talisman is still a company? I thought that Repsol bought them out. Well maybe just their Canadian assets. Repsol is thinking of selling them taking advantage of high oil prices now to raise cash for something else.
Yeah I read, on this board, that people are dissapointed with the updip gas found by Apache on their appraisal wells and that the reservoir had pinched out and wondered why people were dissapointed. Gas, which is less dense than oil and water will always migrate to the highest points in a reservoir. If a reservoir seal can contain 15,000 psi gas then that's a pretty good seal isn't it? Also, that gas will always maintian head pressure on the oil, forcing it to the collection/production wells which is why Exxon injects gas at Liza.
Reading a bit about the contract between Maersk and cgx/fec for Kawa, Maersk required a $25 million dollar gaurantee or deed which fec provided. Now that a contract has been signed to drill Wei, what form did the deed take for Wei? I hope that it was in the form of working interest in Kawa. Is that even plausible? If yes, Maersk could sell it to Total which Maersk has shares in. Anyway it just makes too much sense that fec/cgx would want to swing some sort of deal with Maersk to drill wells. One square mile is 640 acres, if memory serves. 10,000 acres is around 17 square miles. That's a pile of production, water and gas injection wells that would be needed to drill. What's the trap area of Liza1? Exxon had to drill 15 wells there in order to produce it. Maersk has got the rigs to drill these wells. Lots of possible work for them.