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Howardhaftel

09/15/10 1:52 PM

#18101 RE: Howardhaftel #18099

Using the same formula used on Bellevue and Thunderbolt we would need to drill an additional 220 wells on the remaining domes. That makes the total at about 654 wells over about a 30 year period.

rigman

09/15/10 6:13 PM

#18113 RE: Howardhaftel #18099

The more wells needed to drain a field the less profit will be made. Having to drill hundreds of wells on a field is going to be very expensive and will significantly reduce the overall profitability of the field.

oilsleuth

09/15/10 9:21 PM

#18124 RE: Howardhaftel #18099

It doesn't mean anything at all to talk in detail of developing oil fields that haven't been discovered and it was a waste of money to employ RPS Energy to do the recommisioned study. The purpose may have been to imply a level of confidence of commercial fields being present where there is no real basis for doing so.

The "staggering information" of a very large number of production wells only would point to a less than optimal configuration of the fields if they indeed existed. A small number of wells required to produce from a large field would be something to wax lyrical about.