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Bullboard - Stock Discussion Forum 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 Discussion

Petro Rio S.A. > What are the chances?
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Post by acceptmydamnusername on Jun 20, 2013 4:56am

What are the chances?

Is it possible to find commercial oil in both Boabab and Murombe?  Is it possible/probable they are both in the oil zone? I am relatively green when it comes to petroleum geology.
Comment by DrillaHill on Jun 20, 2013 5:48am
Chance of Success to find hydrocarbons (P90) in Baobab Baobab COS 26% P90 23,4%Chance of Success to find hydrocarbons (P90) in Murombe Murombe COS 23,5% P90 21,15% Chance of Success to find hydrocarbons (P90) in Baobab or Murombe 1- (0,766*0,7885) = P90 39,6%Chance of Success to find hydrocarbons (P90) in Baobab and Murombe 0,234*0,2115 = P90 5% + if we include Sivaradi with a COS (which we ...more  
Comment by acceptmydamnusername on Jun 20, 2013 9:10am
So it's possible for both Boabab and Murombe to be in the oil kitchen. Is it common to have oil at two different depths, one on top of another?
Comment by Oiljars51 on Jun 20, 2013 9:14am
It is not unusual to have oil/gas in multiple horizons in the same region.
Comment by WESTCOASTOIL on Jun 20, 2013 9:21am
Yes it is more than possible and more common than you think. Horizontal drilling techniques allow for just such a thnig....as well as other 'stuff'...3 chances in one drill sounds good to me...