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Niko Resources Ltd NKRSF

Energy Oil & Gas E&P
Niko Resources Ltd is an oil and natural gas exploration and production company.


GREY:NKRSF - Post by User

Niko Resources Ltd
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(34)
•••
Comment by mining_pays_my_billson Apr 08, 2015 9:10am
130 Views
Post# 23607843

RE:RE:We are getting close

RE:RE:We are getting closeIt is deep water. The threshold for ultra deep is 7500 ft or more, https://breakingenergy.com/2012/09/20/oil-companies-clamoring-for-ultra-deepwater-rigs/

KG-D6 has a max depth of 5500 ft
https://www.offshore-technology.com/projects/bayofbengal/

Still, I believe the new deep water/ ultra deep pricing is for discoveries made after the announcement of revised pricing formula back in October. I don't think KG-D6 qualifies. Correct me if I'm wrong.
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