06-27-2013, 09:16 PM
Interesting note Henry made these comments before Triceratops and before seismics had been run on 236/8. Wonder what he would say today. Arun had 25 T's and that was 50% of Mobil Oil's profits for 20 years in a row.
I hope certain other posters make a note of what Henry said this time.
Ya see Henry has been in that data room and most others have not seen the data. With his background and with what his eyeballs have seen he surely knows more than others. Or IOC has selectively released data.
Then we have the Reuters interview with Phil Mulacek in 2009 where Phil stated IOC could save $1 Billion a year with its own feedstock to Napa Napa. Oil was higher in price then and Phil made some production estimates. But it easy to see where IOC today could earn over $500 million a year with production of its own condensates. Oh and yes IOC can use condensates at Napa Napa. New contract with Horizon to process their condensates at Napa Napa. Assume 24,000 barrels a day in production times 250 operating days and condensate prices at $90 a barrel and $10 processing costs. Phil had different inputs.Not hard to see where Phil got the numbers
I hope certain other posters make a note of what Henry said this time.
Ya see Henry has been in that data room and most others have not seen the data. With his background and with what his eyeballs have seen he surely knows more than others. Or IOC has selectively released data.
Then we have the Reuters interview with Phil Mulacek in 2009 where Phil stated IOC could save $1 Billion a year with its own feedstock to Napa Napa. Oil was higher in price then and Phil made some production estimates. But it easy to see where IOC today could earn over $500 million a year with production of its own condensates. Oh and yes IOC can use condensates at Napa Napa. New contract with Horizon to process their condensates at Napa Napa. Assume 24,000 barrels a day in production times 250 operating days and condensate prices at $90 a barrel and $10 processing costs. Phil had different inputs.Not hard to see where Phil got the numbers