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seek the light

02/26/11 6:22 PM

#236596 RE: vineseeker2 #236584

Vine agree

Geologist Bets on $70 Billion Oil Find Chasing Atlantic Drift

By Tara Patel

Feb. 25 (Bloomberg)
McCoss says the chance of finding oil from the first test well to be drilled in French Guiana is probably about 15 percent.

“Tullow has proven more than once they are capable of thinking outside the box,” says Thierry Pilenko, chief executive officer of oil service provider Technip. The idea of twin basins on either side of the Atlantic is “compelling,” he said.



Excerpt "It’s exciting, but it’s risky,” said Yves-Louis Darricarrere, Total’s head of exploration and production. “It’s a good example of how we want to be more bold. I like to associate with those I admire.”

Total can be more bold in the JDZ, and don't be surprised if Tullow joins them in the EEZ.