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Re: Stay the Course post# 196927

Sunday, 01/31/2010 4:07:15 PM

Sunday, January 31, 2010 4:07:15 PM

Post# of 361984
Sorry there STC,

But you are wrong with respect to Indian oil companies and their deepwater experience. They have aplenty (until Charlie they held the record for the deepest drill). But I was not comparing them to the majors.
My point was that they bring this experience and knowledge to any tie-up with Sonangol, which has none. ....and having "non-operating interests with IOC" does not constitute such experience......Nor does having an office in Houston count either...(really!!!).

With regards to any Indian/Sonanagol STP/EEZ involvment, I clearly stated that I saw that as a possibility which would not surprise me.

I was being literal, not cute.