mikeyboy Posted December 8, 2011 Report Share Posted December 8, 2011 Yes. It would be nonsense to suggest that, that is why I didn't.Billions of pounds in profits, gleaned from communities headingInto fuel poverty. Edit Yes. Some pay does increase as profits go up. How far downDoes the bonus ball roll down the ranks? Not very far, Bonuses are paid on early/on time and safe completion of work.Pay has been pretty static offshore for years. It's only going up now due to the increase in exploration and development combined with a dwindling supply of experienced crews. There is more work as demand has stayed high for a number of years. Link to comment Share on other sites More sharing options...
Dratsy Posted December 8, 2011 Report Share Posted December 8, 2011 no oil industry = no plastic no plastic = no traffic cones no traffic cones = no job for shetlandpeat seems you also owe your livelihood to the oil barons Link to comment Share on other sites More sharing options...
shetlandpeat Posted December 8, 2011 Report Share Posted December 8, 2011 Luckily for me I have moved on and can multitask. Very astute to haveNoticed plastic was a product of oil. You are clever. I can imagine that with exploration going to further extremes it would be incuringGreater costs. The money set aside for any emergency plan must be quite large.I sorta wonder though still about profits. They tend to come from the exploration.I would imagine industry and exports are the things that generate the income required. Still. Anywhere remote seems to get shafted with additional costs. (edit, dim mobile phone) Link to comment Share on other sites More sharing options...
Dratsy Posted December 8, 2011 Report Share Posted December 8, 2011 Greater costs. The money set aside for any emergency plan must be quite large.I sorta wonder though still about profits. They tend to come from the exploration wrong peat exploration (and development) is where the costs are incurred production is where the profits are generated. I wonder if you are as thick as your writing makes you seem or if your writing is just so confused that even you haven't a clue what the f*** your on about. Link to comment Share on other sites More sharing options...
shetlandpeat Posted December 8, 2011 Report Share Posted December 8, 2011 So, they explore a site, then go hey ho, and not sell what they find and make a profit? You explore a site, you drill the site, you extract from the site, you profit from the whole thing. Good that you are so full of insults my dear friend, but insulting me will not make good any problems you may have. I have always found that folk who readily insult folk will be in need of something themselves. Anyhow, profit is made from exploration, and that can be quite expensive (see, no expletives) but the upshot is the company will make a profit from the exploration. It is good that you are getting better pay though now. It will help your local economy's. Confusing though this thread (EM ) as it has two subjects. Link to comment Share on other sites More sharing options...
Dratsy Posted December 8, 2011 Report Share Posted December 8, 2011 In plain language please peat. Exploration is just that peat exploration. There are no guarantee that they will find oil. Drilling a dry hole is not that uncommon (something I am sure you know all about). The difference between you and me peat is when I throw out an insult I don't try to dress it up as something else. Link to comment Share on other sites More sharing options...
shetlandpeat Posted December 8, 2011 Report Share Posted December 8, 2011 There is no money to be made from exploration, then why do they do it? Still, on topic, why is there no room for another supplier, is the fuel usage at a level it will not be profitable to invest in? Link to comment Share on other sites More sharing options...
mikeyboy Posted December 8, 2011 Report Share Posted December 8, 2011 An exploration well is drilled to gain more information about what is actually down there. All exploration wells are plugged and abandoned. If the results are good then at some point in the future the operator will come back and drill one or more production wells. Then they will start to make a profit. Link to comment Share on other sites More sharing options...
Guest posiedon Posted December 8, 2011 Report Share Posted December 8, 2011 shetlandpeatAlas, folk will not abstain from buying fuel as a protest, another way is to find a cheaper alternative, gas seems to be cheaper. Ha!Around 10 years ago autogas was 49p a litre here in Shetland and petrol around 87p, autogas now £1.02 a litre and petrol £1.49ish, do the maths and then factor in that (As I'm told by folk who have used it) Gas only gets you around half the mpg. Can anyone explain the disproportionate cost of diesel over petrol? 10p a litre is outrageous. Before diesel cars became popular the fuel was always cheaper than petrol (less refining?) The refineries/fuel suppliers just seem to be taking the Mickey. Link to comment Share on other sites More sharing options...
Dratsy Posted December 8, 2011 Report Share Posted December 8, 2011 I may be wrong (it happens) but I think the duty on diesel was increased Link to comment Share on other sites More sharing options...
Guest posiedon Posted December 8, 2011 Report Share Posted December 8, 2011 See here, the duty and VAT on petrol and diesel are the same. Link to comment Share on other sites More sharing options...
shetlandpeat Posted December 8, 2011 Report Share Posted December 8, 2011 Auto gas is not that expensive. It seems you are being fleeced (sheared ). It is between 59 and 64 pence here, but yes, the oil companies did up the price of diesel when it became popular in cars, it also improved the MPL or MPG against petrol until Fuel Injection for petrol became the norm. Seems you are paying the price of ever increasing exploration costs, or lining the vaults of the oil company execs. Link to comment Share on other sites More sharing options...
Dratsy Posted December 8, 2011 Report Share Posted December 8, 2011 An exploration well is drilled to gain more information about what is actually down there. All exploration wells are plugged and abandoned. If the results are good then at some point in the future the operator will come back and drill one or more production wells. Then they will start to make a profit. not quite, if there is sufficient shows of hydrocarbons the well will be tested, if the well test proves to have a viable flow rate then further appraisal wells will be drilled and tested, after the results from all these wells are collated and if considered viable a plan will be formulated and a method of production will be decided on it may be subsea tie backs to an existing platform if offshore or a completely new platform and associated infrastructure will be put in place, quite often the original wells are utilised.Only after enough oil has been produced and sold to cover these costs will any profit be made. Depending on lots of different factors these costs can range from tens of millions for an onshore location to hundreds of millions for an offshore location.all so we can make plastic cones for peat to place at regulation distances apart Link to comment Share on other sites More sharing options...
Guest posiedon Posted December 8, 2011 Report Share Posted December 8, 2011 shetlandpeatAuto gas is not that expensive. It seems you are being fleeced (sheared ).Well yes Sherlock! Isn't that the point of this thread? Or rather the thread on fuel costs (this one seems to have gone off topic) Link to comment Share on other sites More sharing options...
Dratsy Posted December 8, 2011 Report Share Posted December 8, 2011 See here, the duty and VAT on petrol and diesel are the same. do you have any historical data on fuel duty, like I said I was under the impression that the duty on diesel was increased a few years back. also like I said I may be wrong. One thing I am certain about is that fuel duty has increased year on year, also the tax on the oil industry has increased year on year so it is the politicians so loved by peat that have been pushing the prices up. Link to comment Share on other sites More sharing options...
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