sonnie10:


Another crooked twisting of facts. What percentage of Nigeria GDP is from oil? The truth is that as it stands today, without oil money, Nigeria is doomed

Thanks my dear, don't mind that guy trying to make sense yet unable to state anything sensible.

Built2last:
Our patrimony is about to be shared to cronies.
The idea of opening bids is to make it legit and acceptable.

Hahaha

Oh well..

Ratello:

You still think APC is the in thing right? Please smell the coffee, the people are fed up already with this government.

If you think any Nigerian politician has your interest at heart, I am sorry for you!

No Igbo, Yoruba, or Hausa inclined politician, me-first is the motto! if Buhari wants to play real politics (and not his infantile military mentality), you will find apda, pdp etc dissolving gradually. Why? The big wigs will follow the good smell!

More on the marginal field as promised.

Trust me on this. This opportunity has nothing to do with politics.

All you need is

1. Have a technically sound team made up of oil and gas E & P technocrats. Surprisingly, they abound.

2. Get a good technical partner. They also abound. However because this is a marginal field look towards the eastern world or Canada where most operators are already operating marginal field. 90% of operators in Canada produce less than 5,000 bboe/day. They are used to operating small field often doing less than 1000 bboe/day. They are lean and mean operation-wise. They can come up with low CAPEX, low OPEX field development plans. They will also appreciate such marginal fields unlike the major producers. A foreign technical partner is a must.. However it will be wise to do your due diligence on their financial capability. NO NIGERIAN BANK WILL SUPPORT YOU UNTIL YOU ARE ABLE TO RE-ENTER AND START PRODUCTION.

3. Develop a good technical submission with the support of your technical partners
- Well log data interpretation, check similar formation
- Comprehensive FDP -covering subsurface, surface, facility, process optimisation, operations, management, finance
- Comprehensive economic modeling and analysis with sensitivity (many innovative options)
- Good offer to the farmor
- Comprehensive HSE/CD (remember PIB; offer the community a %)
Considerations will includes
1. Integrated approach - oil, gas, condensate
2. Flow station, topping plant (1000bbls) to produce AGO, LPG (debutaniser/depropaniser) - thereby reducing energy cost and increasing income
3. Low CAPEX, Low OPEX
4. Unitisation opportunity- shared responsibilities......lower production cost

Trust me. Give it a try! Don't believe those STOIP figures, they are estimates. Nigerian fields are known to have upsides.

More to come............

Continued!

The energy scenario suggest that oil price is on the increase now (IEA).

The fiscal regime support this great investment.

I am looking at a Nairaland Marginal Field Team. Anyone in the house?

For more information, visit www.paradigmenergysolutions.com

More to come!

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SUBMISSION REQUIREMENT FOR MARGINAL FIELD (2002 Requirement)

Field Specification-Technical submission

A field specific technical plan should be submitted with sufficient detail to enable an assessment to be made on the technical quality, operation feasibility and robustness of the plan. The following aspect should be addressed.

A. Development Plan, Technical aspect

i. Status review of the field

ii. Geological and geophysical aspect and hydrocarbon in place estimate

iii. Reserves estimate and production forecast

iv. Well Engineering

v. Hydrocarbon treatment and evacuation plans

vi. FDP


B. Operation and maintenance philosophy

CD/HSE
An outline of the companies Health Safety and Environmental philosophy/Community Development and Nigerian Content


HSE

C. Financial

Consideration

Economic Analysis

Assumptions

Crude and Gas Production Volumes

Crude and Gas Prices

Hydrocarbon Tariff Assumptions

Decommission, Abandonment costs and provisions

Royalty and Tax Payment

Commercial arrangements

Insurance costs

Sensitivity Analysis

Financial aspects

More to come................

Prepare!

DATA COLLECTION FROM DPR/OTHER SOURCE - 20,000 USD

ESTIMATED COST OF BID PREPARATION - 120,000 USD (Consulting/Technical Team of 4)

LICENSING FEE BASED ON RENEWAL FEE PAID THIS YEAR BY SOME OPERATORS - 500,000 USD

ESTIMATED PROJECT FEE TO PRODUCTION - 40,000,000 USD
ASSUMPTIONS
-SHALLOW WATER
-EPF (EARLY PRODUCTION FACILITY)
-CSP (CONDUCTOR SUPPORTED PLATFORM)
-DST (DRILL STEM TEST)
-PRODUCTION DURING WELL TEST INTO BARGES
-LOW CAPEX WELL RE-ENTRY USING SEMI-SUBMERSIBLE DRILLING RIGS (ESTIMATED AT 100,000 USD PER DAY INCLUDING COMPLETION)
-NO PIPELINE CONSTRUCTION INCLUDED
-PROJECT DURATION OF 2 YEARS FROM CONCEPT/FEASIBILITY TO PRODUCTION
-OTHERS TO BE PROVIDED ON REQUEST

I'm ready to bite the bullet! Are you?

More to come.

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