Friday 10th February 2017
WTF is the ‘300 MMbbl Lancaster estimate’, do I hear you ask? I’ll have a go at explaining it below. For the moment, ‘MMbbl’ means ‘million barrels’ and there’s billions coming later (BBbbl?), so I’m fairly sure it’s good news but first, that Danny Boyle:
Trendspotting? Danny Boyle tells Scotland to choose life….. out of the UK.
First though, on 9th February 2017, award-winning (I assume) film-maker Danny Boyle has told Scotland to choose life outside the UK after the Brexit vote. Begbie has been appointed Trump’s Scottish Ambassador though only after agreeing that the Consulate be moved to Leith. Boyle, an Englishman, said:
‘We had our hearts broken with Brexit, because we wanted to stay in the EU. Scotland voted for staying in the EU while England voted for Brexit. I think if Brexit still happens, Scotland will leave the United Kingdom.’
The only problem with taking Iggy Pop’s lyrics too seriously is that he also wrote, ‘I wanna be your dog!’
Seriously we could employ the Englishman Boyle to design our Independence Day celebrations to show there are no hard feelings.
On Tuesday, 07 February 2017, in ‘Offshore Engineer: The Trusted Source in Offshore Intelligence’, I read the badly jargonised but just about understandable:
‘Fractured basement reservoir explorer Hurricane Energy says its previous 300 MMbbl estimate for the Lancaster field, west of Shetland is conservative. The firm has completed technical analysis of the Lancaster, Lincoln and Warwick assets, all fractured basement assets, west of Shetland, following drilling the Lancaster 7, 7Z and Lincoln wells in 2016.
Hurricane says a new competent persons review on the assets is being compiled and it likely to result in a “material uplift in contingent resources as well as the anticipated reserves associated with the planned early production system,” being planned for Lancaster, with a final investment decision expected at the end of 1H this year. Hurricane previously reported a flow rate of at least 14,500 Stb/day in the Lancaster 205/21a-7Z well which has now been refined to a maximum stable rate of 15,375 Stb/day using an ESP, following third party interpretation of the flow meter data.’
I think they’re saying there’s even more oil and gas to the west of Shetland, up to more than 15 000 barrels a day, just in their field. Remember that’s just MMbbls. There are BBbbls coming next. Mind you, why are these ‘assets’ in Scottish waters called Lancaster, Lincoln and Warwick? Is this early evidence of post –independence underwater land-grab by the rUK?
There’s more, much more. I thought our oil and gas industry was in deep decline. See this in Linkedin, written late in 2016 but predicting developments in 2017
7 oil & gas projects to watch in 2017
At first sight, I thought the seven did not include Scotland, then nearly at the end of the article, I found this very encouraging evidence of further and even larger ‘assets’ to the west of Shetland:
Clair Ridge second phase finishes – North Sea
‘The talk in the North Sea in recent years has been asset sell-offs, margin shrinkages and managed declines, but it is not all bad news for the region – 75 kilometres to the west of the Shetland Islands in the North Sea is the 8.1 billion barrel capacity Clair Ridge field. Here, BP has been putting the finishing touches to its Claire Ridge facility to bump up production levels. Clair Ridge is already well serviced by a network of undersea pipes, but phase two will see this network extended with options for future seabed tiebacks if necessary. BP is targeting a production capacity of 120,000 barrels per day upon completion. What is notable about this project is that it will premier BP’s latest advanced oil recovery technology LoSal. LoSal uses water injection to de-salinize surrounding areas, which will substantially improve recovery levels. As many as 40 million extra barrels of oil could be extracted from Clair Ridge at a greater cost effectiveness during the site’s operational life. Clair Ridge is expected to keep producing until 2050.’
See those numbers? 8.1 billion barrels? 120 000 barrels per day? Producing until 2050? That’s at least another 30 years of production after Independence?
Finally, today, I stumbled across this with my undisciplined googling. It is really quite old but I don’t remember seeing much about it at the time. Apologies if you did
Scotland’s Cancer Strategy: an ambitious plan that’s good news for patients
This is from Cancer Research UK on March 15, 2016. It’s their exact and very positive headline above. Obviously, I can’t remember anything from that far back. I did find something from Labour’s Jenny Marra on the BBC website at the time. It contravenes my new policy so I’ve left it out.
Here’s an extract:
‘Cancer is a big issue in Scotland, and the statistics are striking. Last year the disease became Scotland’s biggest killer….. Tackling this won’t be easy. And it needs serious investment. We think strategies like this are vital. They help set priorities, and lay out where money should go to help the NHS work as best it can for its patients…..In short, asking for more money is tough, but has never been more urgent……So today’s headline announcement – of £100m over the next term of the Scottish Parliament – is very welcome news.
Courage mes braves!