GREY:HRTPF - Post by User
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Post# 21340221
Odds of success
Odds of success It’s still a very immature exploration province and it’s a proven petroleum system... it took 22 wells in the North Sea for the first discovery and I think it was about 26 wells in the Gulf of Mexico
Yesteryear, offshore drilling, 1 out of 8 found commercial hydrocarbons.
With 3D seismic, now it's 1 out of 3
Do the math...Wingat....Moosehead....Murombe....Merkat...Discovery times ahead
JMHO