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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: warren harris who wrote (71540)8/23/2000 10:58:53 PM
From: russet  Read Replies (1) of 95453
 
<<<"Preliminary seismic studies show that we have 10 Bn barrels of in-place crude in our 20% of the Caspian Sea, of which 2.5 to 3 Bn barrels are recoverable," Mehdi Mir-Moezzi, deputy head of the National Iranian Oil Company (NIOC) told reporters. Mir-Moezzi added that Iran will soon tender for a deepwater semi-floating rig to explore for and develop the reserves.>>>

Is there a new way to use seismic to prove up a resource without drilling for it to prove it's there and recoverable? Perhaps I should have stayed in bed today.
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