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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: ldo79 who wrote (28603)8/31/1998 12:25:00 PM
From: Paul Angell  Read Replies (1) of 95453
 
ldo79,

Shell have made an excellent job on this web site. There's no doubt that they are leading the pack on replacing reserves and are definitely long-term thinkers. But these are expensive deepwater subsea developments - what do you suppose the break-even point is??

Another troubling issue is that after installation there is going to be literally no well service work needed on many of these wells.

Paul.
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