RE: What is an exploration well?23 Nov 2020 23:23
@ShareScare, thank you for the link, interesting stuff indeed. On page 5 they say that the probability of success is 25-35%. Does this refer to the probability of there being any oil at all, or just the probability of successfully drilling into the area they're looking for? What will they do in the other 65-75% of cases, and what would that mean for long term SP?