RE: Fighting the Tide21 Nov 2024 13:22
Posted by persimmon regarding the lenghty process o&g explorers face... worth noting the sp at the time.
Posted in: RBD
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Instant production?15 Mar 2018 09:51
For those who are expecting oil to be produced soon (assuming there is oil and if so then it's worth extracting). From appraisal through development and then extraction usually takes a MINIMUM of 5 years. There are many hoops to 'jump through', and these are not overcome overnight. Just saying so 'newbies' will know that is why these ventures are classed as 'high risk'.OMO as always.