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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (184133)	3/4/2004 1:03:27 PM
From: hmaly	Read Replies (2) \| Respond to of 1574096

John Re...Offshore finding costs are almost double international costs. Nonetheless, they were at $8/bbl in 2000, and still dropping. Opec costs over $30, so finding and production should easily be half of opec. I do know, I want to say ARAMCO, found oil in a field by Newfoundland, costs were over $17/bbl, and they capped it, waiting for higher prices. Of course, these prices don't include royalties to US for offshore drilling rights. And I don't think there are royalties beyond 200 mile limit. Deepwater wells are now down to 3000 ft, and they are already experimenting on 6000 ft wells. My guess, just a guess mind you, is that once you can go 6000, you can use same techniques to go far deeper, because those wells don't use humans, just robots, with mobile platforms, and cables. Anybody know how deep the ocean is on average. I do know the deepest trenches are over 30,000 ft deep, but most areas I think are around 12,000 to 17,000 ft. Submarine crush dept on modern subs is around 6000, I believe.