1/ ''I wasn't talking about buying up leases nobody wants.'' eh?
2/ ''Do you thing that CoP, now they have swapped assets with BP, will be so eager to let a small player have first, second or third access to capacity when they have just spent a net billion or so exploring the North Slope and swapped Claire equity for BP's Alaskan acreage? Or for that matter Exxon, eni and Repsol? When the head of the state's O&G division is an ex Arco (read CoP) employee of thirty years?''
Do COP or others determine who can or cannot use TAPS, when less than 50% is utilized?
3/ ''Also, as per the water issue, you either pond it (and it freezes and the linings crack and needs expensive "looking after" or you truck it out, where it needs prohibitively expensive and only seasonal transport). Re-injecting into a depleted conventional reservoir can't be done in Alaska if that's what they're thinking of. Happy for you to do a fly-over of the Bakken or the Permian and count the ponds and tell me you can see the Alaskan wilderness being allowed to look the same. Water will need more than your average chemicals to keep it from freezing, so you can't dispose of it easily and cheaply whichever way you go.'' Suggest you contact DOG who are responsible for permits with environmental control remit. I am pretty certain they thought about this and got it covered.
4/ ''Also, none of this can be done seasonally. Anyone with half a brain and experience in the industry will tell you not to constrain unconventional wells once you've stimulated them. So what will the company do when access is limited to a few months of the year?''
Why is this a seasonal issue? once oil flows it flows 365 days a year. The well base is 130c, yes there will be cooling as the oil comes up the pipe, it will be no where near freezing. TAPS is also heated.
5/ ''Compete for pipeline capacity once aggregated as per Alyeska PTA.'' Under 50% utilization suggests they do not have to compete with much.
The distance and cost of laying down pipe to connect to pump 1 is huge, for some it is a 800m$ project. For IW2, from Franklin buffs and the service trail to pump 2 is a 12 mile journey with costs close to 20m$ to lay down pipe to spur into TAPS.
There has been talk of a second TAPS if the federal reserve does get cleared to open. Perhaps that may be a solution? Once of course the present TAPS start to get topped out, which does not look like happening any time soon. I understand that Exxon where the last guys to add to TAPS sometime last year with an extra 10,000 bpd.
In addition IW1 samples show the shale to hold high end API, highly viscous and very much in demand. A ''Half brain'', would understand its value.
Why not share your post with DW, he may not agree with anything i am suggesting but at least you get an answer from a competent person rather than from a BB.
(20min delay)
