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Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."


GREY:HRTPF - Post by User

Bullboard Posts
Post by pianoman88on Aug 11, 2011 1:30pm
406 Views
Post# 18931786

1016 meters to go...

1016 meters to go...So the well was spud in on April 25th, reached 1330 meters June 14th ( about 7 weeks later), went another 570 meters to 1900 meters deep in about 4 weeks (as reported by Kento from his Mello interview on the field trip), and is currently around 2384 meters which is another 484 meters in about 4 weeks.
Doing the math on this appears to indicate an average drill rate of 158 meters a week taking into consideration the problems they've run into with rains, equipment, electrical, etc.
If everything was sorted out at the time of the field trip (July 10th), then in the last 4.5 weeks they've accomplished 484 meters, giving an average of about 100 meters per week.
Sooooo... with 1016 meters to gooooo... unless they're now drilling through sand, it's looking like it may be another 10 weeks before they reach final depth (around October 20th).
Some-one PLEASE tell me my calculations are WAY WRONG!!!
GLTA
Bullboard Posts