Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Comment by Khersonon Dec 15, 2023 12:57am
141 Views
Post# 35786052

RE:RE:AWFUL: TMX Under SEVERE THREAT Of DELAY & COSTLY BLOWOUT ?

RE:RE:AWFUL: TMX Under SEVERE THREAT Of DELAY & COSTLY BLOWOUT ?Not sure from where you are getting your information concerning preceived problems with the possibility of increased water infiltration by enlarging the borehole to 48" ztransform173, but Trans Mountain's letter to the CER dated November 22, 2023 clearly explained their concerns on this; 

"Challenges encountered to date, as described further below, include hard abrasive rock formations causing tooling damage and tool failure, and water infiltration causing hole cleaning inefficiencies, excess drilling waste, and contributing to tooling damage".

" If an increase in water inflow is encountered, performing an NPS 36 line pull in the presence of elevated discharge at the pipe entry location would present significant logistical, technical and safety challenges".

From the Oral proceedings from November 27th, 2023, on p.23 Mr Goulet also explains the concerns with excessive water infiltration:

 "we wouldn't be able to effectively ream anymore because the viscosity of the fluid in the hole would not allow us to remove the cuttings as we're reaming".

"And if that -- if that occurred, we would -- we would actually have to abandon the hole potentially, and so that's the significant risk associated with the water problem. We've mitigated it to date through grouting off those zones, but the larger diameter that we go, the more risk we have of those -- of that grout failing and for the water ingress to increase back to what we saw when we did the original pilot hole".

What is clear to me with Trans Mountain Pipeline's letter to the CER dated December 14th, is that Trans Mountain now realizes that they did not emphasize strongly enough in the Variance Application process what could occur if excess water infiltration occurs during the enlarging of the present borehole.
We also need to keep in mind that the Canada Energy Regulator has not yet released it's reasons for denying the Variance request on December 5th. 

Kherson
<< Previous
Bullboard Posts
Next >>