GREY:ENGFF - Post by User
Comment by
Columbus1494on Feb 19, 2014 11:52am
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Post# 22225319
RE:Shell and Energulf
RE:Shell and EnergulfI think it depends on who is behind Gazania/Shaanxi Yuyang.
If its a group of rich investors,they probably want to farm out a percentage of their 75% interest.
If Its a big chinese national oil company they could afford to develope the block on their own.
They are planning to drill three wells in eight years and performing 2500 km2 of 3D seismic.It could cost 300 mill$.Energulf has a 15% interest,probably to small interest to farm out to another company.If the price is right they could sell all the 15%.