Condor,
Re: The well was swab tested at a rate of approximately 80 barrels of light (40-degree API) oil per day.
What am I not understanding here? Does a "swab test" indicate production rate? If so, this well has the potential to produce 80 x ~$40 per day or $3,200 per day. In Yemen, home to the Bin Laden Family. Before costs.
In comparison, Ghawar, which is producing in eastern Saudi Arabia, flows at something on the order of 500,000 bpd. Or, in dollar terms, about $20,000,000 per day.
3,200 vs. 20,000,000. Hmmm, you do get my point, eh? |
