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Tuesday, May 15, 2012 7:08:09 AM
In answer to your question about a suitable rig.
The rig shown in the attached photo, which has just been set up by Maranco on the Perenco concession near Orange Walk in Northern Belize, is IMO more suitable for exploration oil drilling in Belize than the modified Schramm rig about to be used by Treaty Energy Corp to clean-out / deepen San Juan #2 well.
Exploration drilling in Belize is not like drilling to produce oil in an existing field in Texas, nor is it like the solid mineral exploration or water wells that the Schramm is more frequently used for. In oil exploration drilling there is much more uncertainty about what formations, pressures and drilling problems will be encountered.
The rig shown in the attached photo, which has just been set up by Maranco on the Perenco concession near Orange Walk in Northern Belize, is IMO more suitable for exploration oil drilling in Belize than the modified Schramm rig about to be used by Treaty Energy Corp to clean-out / deepen San Juan #2 well.
Exploration drilling in Belize is not like drilling to produce oil in an existing field in Texas, nor is it like the solid mineral exploration or water wells that the Schramm is more frequently used for. In oil exploration drilling there is much more uncertainty about what formations, pressures and drilling problems will be encountered.
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