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To: dayglored

“What does that translate to in, say, barrels and barrels per day”

About 1200 barrels a day which is quite respectable. About 120,000 dollars a day. Note, this is the discovery well and as they define the field there may be better wells in the field. Put a platform in and drill multiple wells from it. The real question is how big is the field.

1200 barrels a day is worth drilling for.


45 posted on 07/04/2022 8:28:09 AM PDT by cpdiii (CANE CUTTER-DECKHAND-ROUGHNECK-OILFIELD CONSULTANT-GEOLOGIST-PILOT-PHARMACIST)
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To: cpdiii

Its small potatoes

82 million tons is enough oil to supply the USA for about 2 months. A big discovery if youre in the oil businees, but on a grand scale its not very important.


47 posted on 07/04/2022 8:31:27 AM PDT by OVERTIME (Tammie Lee Haynes)
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