The Pyrenees project consists of the development of the Crosby, Ravensworth and Stickle oil fields which were discovered in 2003 at water depths ranging from 169 metres (555 feet) to 250 metres (820 feet.) The fields are developed with very long horizontal wells drilled from the sea floor and then tied back to the Pyrenees FPSO via an extensive gathering system. Water injection is incorporated to enhance oil recovery.The Pyrenees FPSO is a double-hulled vessel with a disconnectable turret mooring system. Gas produced by the development will be reinjected into the reservoir of the nearby Macedon gas field for future recovery.
First Oil Production From Pyrenees Development Offshore Western Australia
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.