Mikecyc

Mikecyc | Joined since 2019-07-05

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2023-06-12 08:02 |

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2023-06-12 07:56 |

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2023-06-12 07:52 |

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2023-06-12 01:03 | Report Abuse

Haha let’s look at Kraken Monthly Output per year … until First 4 months of 2023 is Lower than 16,000 bopd … Not a Good Sign loh ….



>>Update : Kraken is built to produce 80,000 bopd , now 47,000 only , then is ard 26,400 only.. Latest is 35,000 in 2020....

Average gross production at the Kraken field in 2020 was 37,518 Boepd was c.5% higher than in 2019 and ahead of the top end of EnQuest's guidance. 

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2023-06-12 00:49 | Report Abuse

Haha hope is not like Claire case loh :


3) Claire material ligitation ?? Uncertain to win as the new company take over follow fixed contract term to terminate contract . Option contract signed or not ..big ?? New company so confident to terminate the order??Armada buy time only...

>>Update : Armada Lost Claire court case

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2023-06-12 00:44 |

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2023-06-12 00:42 |

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2023-06-12 00:40 |

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2023-06-12 00:26 | Report Abuse

Haha since 2019 did not reached 60 sen loh … until recently loh …

Not like the Liar Pon Pon Bon 888 aka ah Boyy Felix 888 👯🕺lying on what what bought at 20 sen loh .. hahaha

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2023-06-11 16:39 | Report Abuse

Haha no worries…. Sold FPSO Perdana on 2019 …. Claire on 2023 ke :


Malaysian player sells FPSO to mystery buyer for $20 million

Contractor says sales proceeds will be used to reduce debt

27 April 2023 4:34 GMT UPDATED 27 April 2023 8:21 GMT
By Xu Yihe in Singapore

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2023-06-11 16:32 | Report Abuse

Haha Liar Pon Pon Bon 888 👯🕺aka ah Boyy Felix 888 still Twisting Ke .. hahahaha

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2023-06-11 16:30 | Report Abuse

Haha no worries.. why Armada made such a scary Announcement which can be rectified in a week … faster than the scheduled maintenance… hahahaha

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2023-06-11 16:20 | Report Abuse

Haha Reimbursement Contract Operations and Maintenance for 8 years is still Valid loh ….

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2023-06-11 16:18 |

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2023-06-11 16:14 | Report Abuse

Haha hope is not like the FPSO Claire Case loh :


3) Claire material ligitation ?? Uncertain to win as the new company take over follow fixed contract term to terminate contract . Option contract signed or not ..big ?? New company so confident to terminate the order??Armada buy time only...

>>Update : Armada Lost Claire court case

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2023-06-11 16:09 |

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2023-06-11 16:07 | Report Abuse

Haha need to reimburse Shut in n Shut down Losses ke :


Simultaneously Bumi Armada UK Limited, another wholly-owned subsidiary of Bumi Armada, and EnQuest Heather Limited also signed a reimbursable contract for the operations and maintenance (‘O&M’) of the Kraken FPSO. Both contracts run

simultaneously for a fixed period of eight years, valued at USD 1.4 billion (equivalent to approximately RM 4.6 billion), with options for 17 annual extensions with a significant upside when the options are fully exercised.

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2023-06-11 16:05 |

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2023-06-11 16:01 | Report Abuse

Haha see what Enquest re- actions on Windfall Tax :


EnQuest shelves Kraken drilling in response to windfall tax changes

By Hamish Penman
17/02/2023, 7:53 am


Operator EnQuest (LON: ENQ) is to defer drilling at its Kraken field following last year’s changes to the North Sea windfall tax.

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2023-06-11 15:58 | Report Abuse

Haha those old News are still impact n effects loh … hahahaha

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2023-06-11 15:58 |

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2023-06-11 15:50 | Report Abuse

Haha anyone know on the Final Acceptance Certificate status since 2018 ???





“While there is still further work to complete before a final acceptance certificate can be issued, this agreement allows all parties to work together to deliver final acceptance on a defined basis,” EnQuest said.

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2023-06-11 15:48 |

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2023-06-11 15:45 |

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2023-06-11 15:42 |

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2023-06-11 15:33 |

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2023-06-11 11:59 |

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2023-06-11 11:56 |

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2023-06-11 11:53 |

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2023-06-11 11:51 |

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2023-06-11 11:41 |

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2023-06-11 11:38 |

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2023-06-11 11:26 |

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2023-06-11 11:26 | Report Abuse

Haha no worries.. as this is Public Forum loh …

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2023-06-11 11:20 |

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2023-06-11 11:19 | Report Abuse

Haha the way Liar Pon Pon Bon 888 👯Twisting n Lying ke .. hahahaha

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2023-06-11 11:17 |

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2023-06-11 11:14 |

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2023-06-11 11:12 |

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2023-06-11 11:11 |

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2023-06-11 11:09 |

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2023-06-11 11:02 | Report Abuse

Haha Kraken oredi made Impairment of RM 1.6 Billion out of the Total Impairment RM 4.4 Billion in 4 years …

That is 1.6 / 4.6 ( contract value included Operation n Maintenance) = 34.8 % ( Profit Margin is taken out ke ) ..

Oh So Operations n Maintenance became Free ke … Now need to Reimburse the Losses due to Shut in and Shut Down ke !!!

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2023-06-11 10:51 |

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2023-06-11 10:47 |

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2023-06-11 10:44 | Report Abuse

reimbursable contract for the operations and maintenance (‘O&M’) of the Kraken FPSO. Both contracts run

simultaneously for a fixed period of eight years, valued at USD 1.4 billion (equivalent to approximately RM 4.6 billion)

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2023-06-11 10:43 |

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2023-06-11 10:38 |

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2023-06-11 10:36 |

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2023-06-11 10:35 |

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2023-06-11 10:34 |

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