I haven’t watched the video yet, but if anyone thinks horizontal drilling and fraccing is expensive (about 8 million/well), offshore drilling makes it look like something off the bargain shelf.
“I haven’t watched the video yet, but if anyone thinks horizontal drilling and fraccing is expensive (about 8 million/well), offshore drilling makes it look like something off the bargain shelf.”
You right about that.
Attended a conference where a guy was talking to me about the last well drilled on its deepwater prospect: $125million to drill and $100mm to complete.
Not for the faint of heart.