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xanadu90

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xanadu90

Re: Stock Lobster post# 292341

Friday, 06/20/2008 12:29:53 AM

Friday, June 20, 2008 12:29:53 AM

Post# of 648882
RIG got a fine contract with BP, five year extension with double dayrate. All this shows that the big producers want to find oil in "calmer seas", even when the exploration/production will be more difficult and much, much more expensive.

Thunderhorse- project in GOM - deepest drilling hole today - will begin its production now in the autumn - production, which was scheduled to start three years ago! This shows, how difficult it is to produce oil from those depths. But the companies are still willing to do it and pay for it.
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