wildbourgman wrote:One other point C8 is that for a deep water well that works out, it's so much more prolific of a producer. Now you can have a 200 to 500 million dollar dry hole too.
evilgenius wrote:What are the stages of an off-shore project where it can be put on hold? Are any of these stages worse for a project than any of the others? And when they do go down what does it cost at each stage to stay down? Maybe the answers are different for deep as opposed to ultra-deep water?
wildbourgman wrote:Phaster, I would hate to give anyone bad advice and I believed in what I thought would be good advice I'd be rich myself.
I think that we have a lot of waste, inefficiency, and down right ridiculously stupid people in the oil industry as a whole and especially in Deep water.
evilgenius wrote:Thanks, Rockman and Wildbourgman. Rockman, reading your last post I realized that the off-shore approach seems pretty sound under almost all economic conditions, except for severe deflation.
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