Guyana GOR of undrilled is not good. We developed the best stuff first. Not going to get easier and returns won’t be as good in the future,
6 replies (most recent on top)
@1lxr+1uC0dgiN Missed the point. If anyone thinks our portfolio will keep giving as it has they are d’illusional. Good luck finding another Guyana and good luck doubling Permian recovery. Pretty tough to continue to develop Guyana when you need a separate FPSO just for gas handling of high GOR wells.
What a meaningless and uninformed post. Every public company drills and develops all their best acreage first. To not chase the highest P/I projects first is not in the shareholder's best interest. No one is under any illusions that we might just be saving the best for last.
@rvh+1uC0dgiN Makes a clueless response. GYE project moves a minuscule amount of gas to shore and is meaningless to address the issue being raised.
We built a tiny pipeline to transport an insignificant amount to shore for generation of electricity. A goodwill project to improve access to electricity for the country not a money making project. Doesn’t even come close to addressing the issues with gas. Overwhelming amount Is still injected on existing platforms and new ones will be limited in their ability to produce oil by the amount of gas handling equipment required.
Technology and expertise to develop those resources just isn’t there. Expect a few rounds of recycle.
Considering we’re about to start pumping the gas on shore, I don’t think that will be the issue long term.