GREY:GULSF - Post by User
Post by
jake1444on Feb 23, 2008 3:11pm
468 Views
Post# 14533083
Petrocanada
PetrocanadaIf they find something of a decent size they will spend the necessary capital to fully evaluate what they find. No quick DST here to see oil, they want as much data as one well bore will give them. Detailed pressure data, multiple choke changes and drawdown data. No cheaping out here if a production decision is to be made.'
If anyone is wondering, Oilexco has made many finds in the North Sea and their testing is usually 2-3 weeks if not more. Most importantly, if the formation is a dud, they announce it immediately after hitting TD. Thus, I think we hit. Just now as many other have said, is how much? Is it commercial? The longer we test, the greater likelihood that it is good.