you beauty - new gas agreement glng, page-71

"....Not in GLNG's tight fields they aren't. ie the ones that are equivalent to WCL's. GLNG's CSG is a very different beast from Santos's Cooper fields..."


goodaye psi- which fields are you referring to?

i think the main fields providing gas to GLNG is Fairview. Which tight gas fields do you mean?

the detailed Citi Research seems to say exactly the opposite.
That the GLNG fields are performing particularly well.

Here is what they say:


Citi Research
LNG Landscape
14 March 2014

GLNG Drilling slowing down given well outperformance:
GLNG drilled 237
wells in CY13, ahead of targeted 220-230 wells, bringing total wells drilled to 757 as
of the end-CY13. Drilling is ahead of schedule and well performance continues to
outperform planning assumptions with Fairview averaging 1.8TJ/d from 171 wells
(vs planning assumptions of 1.1TJ/d). STO stated at its strategy day in December
2013 that it plans to drill ~300 wells in CY14-CY15, with drilling rates slowing down
given outperformance by wells is meaning that the target number of 1,000 wells for
the project may not be required.

Wells outperforming planning assumptions:
STO’s planning assumed average
well peak rates of 1.1TJ/d from Fairview, but actual results are outperforming with
Fairview averaging 1.8TJ/d from 171 wells. STO has stated that results from the 34
appraisal pilot wells at Roma suggest that planning assumption of 0.5TJ/d will also
be exceeded. While STO is yet to have a large data set of dynamic production data
from Roma, it has a very good understanding of the static data (net coal thickness,
permeability, gas content) which ultimately determines well performance. Based on
our prior analysis of this static data to Combabula we expect Roma to outperform