01-30-2013, 12:55 PM
An advantage of a big powerful rig in PNG is that it would facilitate pad drilling. Like Pet said, it's a matter of "extended reach", how big an area we could reach out to, drilling directionally, and cover from one pad. It's not so much a matter of drilling long horizontal production legs.
There will be tradeoffs between the costs of bringing in a big powerful rig to cover the maximum area from a single pad and the costs of going with a lesser rig, necessitating building more pads in PNG's difficult terrain.
There will be tradeoffs between the costs of bringing in a big powerful rig to cover the maximum area from a single pad and the costs of going with a lesser rig, necessitating building more pads in PNG's difficult terrain.