kownski
Is the "wellhead" at the ocean floor?
Does this take into account water pressure, if so how?
What is the assumed water depth that the wellhead is set in?
I only ask all this because 1500m or ~5000ft of water gives you a pressure of 2166 psi in fresh water (I don't ever work in salt water so don't know the conversion) Anyhow, just wondering because pressure just seem to account for water depth.
mad
(just for full disclosure, i'm long a boatload and haven't traded any shares since Feb '05)