by sparky » Sat 08 Oct 2016, 16:45:11
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did anyone said Kashagan ?
the discovered barrels can be assessed from public companies listing in most countries ,
for government oil companies it's a bit more tricky , they don't have the same legal requirements of veracity
some discoveries can be producing quite fast , in a matter of months .
onshore , located in a technologically rich location , with a favorable legal set up can produce in a matter of weeks .
tigh oil in the lower 48 could probably bounce quite fast .
other , such as the trans oceanic offshore with truly amazing drilling depth can only be wondered at .
not only the difficulties and costs are mind-blowing but the Brazilian government is not exactly boring
oilmen oversea care little about democracy , they do love predictability .