I think we should consider Sinopec's stance as being a novice at deepwater therfore they will not be as cute as Chevron was in OBO1 ..Chinese officials back home have a very public situation in JDZ and want their company to look good....We'll see though because in the end..Who knows..
Bay, I have been informed that the Kina drill will basically be TDC. So well placed that reputations are staked on it's success. It is considered to be a near 'slam dunk' for commercial production ... and we're talking big numbers.
I speculated before that SNP's chairman might need JDZ to look good, if "China must ensure Sinopec proves Addax really is worth what the oil group is paying for it."
Thank You Sir, I appreciate your kind reply as well as the others I rcvd in regards to my question. Nice to understand the basics of the technical side.
bayfisherii, thanks for your informative post which give a better idea of what to expect. However I do not understand how and why this not have to go public with a huge find can cope with ERHC Energy’s vision to maximize shareholder value