Tuesday, February 22, 2011

New Zealand, Oil Wells and EarthQuakes

In the year 2009 New Zealand's oil field was ready for operation. In the year 2010 the Canterbury earthquake hit New Zealand. Now we have this recent earthquake. I think what we need to do is to closely observe the actions of the United States and The International Monetary Fund. Haiti also has oil and perhaps other desirable resources. The quake in Haiti hit the city, which is where an earthquake can do the most destruction. While I was looking up New Zealand this morning I ran across this statement. Kevin Fenaughty, GNS Sciences data center manager said that residents said the quake's epicenter was located in the worst possible location for the city. "It's a nightmare. Alot of people were just getting back on their feet after the original quake."

The links below might be something to bookmark for the purpose of keeping an eye on New Zealand's debt development. I'm including a link to Haiti's page at the IMF and to New Zealand's page.

It looks as if New Zealand currently does not owe the IMF anything but I could be wrong. Finance is not my forte

Here is Haiti's page

What would be a good way to take over a country and consequently have access to its resources? Apparently we now have warfare technology that can set off earthquakes. If disasters can be created secretly, such as with geowarfare, weather warfare, or biological warfare, then the very entities which have caused the disaster can lend money, send in troops...etc. When a country owes an entity...such as the IMF...enough money and can't pay it back...then what happens?


What really happened in Haiti?

 The article below gives a short description of New Zealand's oil resource history

Maari oilfield 10 weeks away from first oil

21 January 2009 - Conductor casings for the nine development well slots in the Maari offshore oil field have now been completed with first oil production expected only ten weeks away in February 2009.
One of the Maari partners Horizon Oil Ltd, says that the 24 inch conductor casings in nine well slots have been completed to a depth of 260 metres (m).

The conductors will provide for five oil production wells, three water injection wells and one spare location.

The Ensco 107 jack-up rig alongside the Maari wellhead platform, has now begun batch drilling of the three production wells with 16 inch casing to a depth of about 900 m. After that each well will be drilled to programmed total depth, equipped for production and turned to the FPSO which is moored close by.

Earlier ten 30 inch “stove-pipes” had been successfully installed in the seabed below the platform base.

Oil production will ramp up towards the expected initial gross rate of 35,000 barrels of oil as the five horizontal development wells are progressively drilled.

The Brisbane-based Horizon Oil said it had, until recently, expected that the first cash inflows from the Maari oil field would have commenced by now and the company’s financing plans were largely based on that expectation. The company’s plans also envisaged a higher oil price than the current US$50 – 55/bbl.

To date the capital programmes have been successfully funded, notwithstanding the challenge posed by the Maari cost overruns and delays to cash inflows.

Sources: Horizon Oil and Lindsay Clark
Last updated 21 January 2009

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