High guys,
After the greatest successive buy calls on OGSE upstream of Carimin, Naim/dayang, Penergy, Uzma & Velesto
Calvin sees the BEST OGSE STOCKS WILL BE T7 GLOBAL & DESTINI
Why is it so?
Answer:
READ AGAIN:
I STUDY THE NUMBERS By John Neff
Now Read this
KUALA LUMPUR, Dec 13 — The outlook for the oil and gas industry remains challenging amid geopolitical upheavals, prolonged trade tensions, and a global economic slowdown resulting in demand disruptions, Petronas vice president for group procurement Liza Mustapha said.
“The challenging landscape would require Petronas and all its partners to continue to be conscious in managing costs, implement activity levelling to sustain offshore activities and pursue innovative solutions to unlock value in our supply chain,” she said in the Petronas Activity Outlook (PAO) 2020-2022 report today.
She said while managing costs may have its limits, Petronas must focus its efforts on, among others, technological advancements and digitalisation of processes which will bring bigger benefits over a longer horizon in enhancing competitiveness and ultimately resiliency to weather any storm that comes its way.
Petronas foresees a steady outlook for drilling, production support, marine vessels and decommissioning activities. “Steady outlook can be expected for decommissioning projects as 44 per cent of facilities in Malaysian waters are operating beyond design life,” PAO said.
The abundance of investment opportunities in Malaysian waters with a portfolio of projects coming onstream in the future depicts a healthy outlook, it said.
For downstream, there is a positive outlook for turnaround and maintenance activities.
This year, it said, Petronas is sharing contracts covering a broader spectrum of jobs with sizeable values for large players as well as small and medium enterprises (SMEs).
As many of these contracts are due for re-tendering in the period of 2020-2022, this would be an opportune time for players to strategise on resources, new technology offerings, and strategic partnerships.
On other developments, PAO noted that the oil price in 2019 has fluctuated from a daily low of US$53 per barrel (US$1 = RM4.15) to a high of US$75 per barrel (as at November 2019) yielding an average of US$64 per barrel compared with the average of US$71 per barrel in 2018.
It said robust supply coming from non-Opec (Organisation of the Petroleum Exporting Countries) producers, predominantly from the United States (US), has caused a build-up in oil inventory.
The US, currently the largest producer of crude oil, is targeting to be a net energy exporter by 2020.
In addition, there are other projects being ramped up in Canada, Brazil, Guyana, and Norway.
The International Energy Agency (IEA), in its November 2019 report, indicated that non-Opec production is expected to continue to grow, adding 2.3 million barrels per day of oil supply in 2020. — Bernama
Edgedaily, MMail, Star, And Other IBs might have their interpretations
BUT CALVIN STUDY THE NUMBERS
And these are the numbers
“Steady outlook can be expected for decommissioning projects as 44 per cent of facilities in Malaysian waters are operating beyond design life,” PAO said.
44% OF PETRONAS OIL & GAS WELLS ARE OPERATING BEYOND DESIGN LIFE
PETRANAS HAS ABOUT 350 OIL WELLS & GAS WELLS
44% MEANS 154 OIL WELLS OR GAS WELLS
EACH ONE IS AS BIG AS A SELF CONTAINED CITY
AND BOTH T7 GLOBAL & VELESTO WERE APPOINTED FOR WELL INTERVENTION, WORKOVER AND DECOMMISSIONING WORKS FOR 5 LONG YEARS
2019
2020
2021
2022
2023 (ONLY T7 GLOBAL & DESTINI WON 5 YEAR LONG JOB AWARDS)
See
OTHERS T7 Global Berhad ("the Company" or "T7 Global") - Letter of Award for the provision of integrated well services for intervention, workover and abandonment for petroleum arrangement contractors from PETRONAS Carigali Sdn Bhd.
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/233896.jsp
The workover begins by killing the well then removing the wellhead and possibly the flow line, then installing a B.O.P commonly known as a blowout preventer, then lifting the tubing hanger from the casing head, thus beginning to pull the completion out of the well. The string will almost always be fixed in place by at least one production packer. If the packer is retrievable it can be released easily enough and pulled out with the completion string. If it is permanent, then it is common to cut the tubing just above it and pull out the upper portion of the string. If necessary, the packer and the tubing left in hole can be milled out, though more commonly, the new completion will make use of it by setting a new packer just above it and running new tubing down to the top of the old.
Workovers on casing
Although less exposed to wellbore fluids, casing strings too have been known to lose integrity. On occasion, it may be deemed economical to pull and replace it. Because casing strings are cemented in place, this is significantly more difficult and expensive than replacing the completion string. If in some instances the casing cannot be removed from the well, it may be necessary to sidetrack the offending area and recomplete, also an expensive process. For all but the most productive well, replacing casing would never be economical.
Read again
Workovers rank among the most complex, difficult and expensive types of wellwork
. If in some instances the casing cannot be removed from the well, it may be necessary to sidetrack the offending area and recomplete, also an expensive process
FOR THE NEXT 5 YEARS T7 GLOBAL IS GIVEN UMBRELLA PROJECTS OVER MORE THAN 350 PETRONAS OIL AND GAS WELLS WORKOVER SERVICES WHICH COMMAND HIGH PROFITS JUST LIKE PENERGY, VELESTO & DAYANG
See this
https://www.youtube.com/watch?v=0IsAq_tf0mU
DIRECTORS KNOWING FULL WELL GREAT PROSPECTS ARE BUYING
YES!
T7 Global is now 47 sen
Calvin has a one year target price for T7 Global at Rm1.00 and for Destini 50 sen
Kindest regards
Calvin Tan Research
Singapore
Pls buy or sell after doing your own due diligence
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calvintaneng
Bull41 noticed so fast
2019-12-17 11:00