InvestorsHub Logo
Followers 172
Posts 10472
Boards Moderated 6
Alias Born 09/17/2000

Re: Razorbucks post# 5802

Thursday, 06/01/2006 10:35:58 AM

Thursday, June 01, 2006 10:35:58 AM

Post# of 35788
nosey...It costs $50,000/day to rent Schlumbergers equipment...

After completing the well workover of Ophelia#1,now producing 1,450,000cu.ft. gas/day,the relentless rains came.

It didn't make any business sense to pay $50k/day if they couldn't move on to the next workover site,as a result of the muddy conditions,and make use Schlumberger's equipment .

So they let them go to another job on an offshore platform.The decision was made with the understanding that as soon as they finished that off shore job,they'd return to help slot our sites in Grimes.

Hope that helps.

futrcash

"posts are imo...please confirm by doing "original" dd.
futrcash..."