RE:RE:Orange Basin Test 14 K bbl day (max test amount capacity)hikari wrote: The difference could be:
Perhaps Total wants to acquire more blocks in the Orange Basin and does not want to tell competitors or even retail the hughe, massive hydrocarbon potential there to keep prices low.
Perhaps Galp/Sintana want to sell their Orange Basin assets, at least partially . So they are much faster to tell the whole world what monster they found. This Galp/Sintana discovery with 10 billion barrels of oil in place could be the biggest discovery since 2000 when Kasachstan discovered their 13 billion barrel oil field.
Galp produces 123K bbl day. Will NOC or super majors want to partner with them to find development?
It's my feeling that Total wants to keep the testing under wraps and can do do legally as it's not material in the big picture.
Looks like Orange Basin real estate just got a lot more desirable and expensive. Seems like AOI gave the farm away too soon, unless these is an accelerated production schedule with huge cash calls not disclosed. This would explain the corp simplification, and the farm deals.
Regardless, the Galp news, along with rare teasing comments from untra conservative Total CEO are great for Orange Basin and AOI. 2030 seems to be first production date according to Namibia, who are planning to join OPEC as associate member.
Of course, with geopolitical risks off the charts thanks to Global minorities desperation as it rapidly loses wealth and influence anything can happen that could make oil go either way.
Expectations are that with conclusion of global minority loss in UA (already lost) oil will drop a lot.
Although, in order to cover up another humiliating defeat global minory could could nuclear which is end of economy, or they again to bully ME actors in which case oil will spike.
The time frame on Namibia is way too long to invest in when there are so many other options.