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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: JZGalt who wrote (28043)8/20/1998 5:26:00 PM
From: Douglas V. Fant  Read Replies (1) | Respond to of 95453
 
JZGalt, Let me correct me statement on offshore drilling. Deepwater concessions, you lock in rigs for long periods of time. The projects are too costly, capital intensive to let the unavailability of a drilling rig to stymie an exploration plan.

Shallow water, the reservoirs that you are seeking are generally smaller, and not potential "legacy assets" of the corporation- so you are alittle more casual about locating and locking in a drilling rig... But even then this takes significant lead time planning/permitting...

Sincerely,

Doug F.