02-14-2014, 04:20 PM
> 1. Page 45 Figure 22 - average worldwide success rate over the past 4 decades of 24-27%
2. Page 45 Table 9 - USA success rates in the 1980s - new field wildcats in the 13-18% range
I'll note that many or most of these new wildcats are in established sedimentary basins, targeting known geologic formations which have discoveries or produce at wells nearby in the basin.
These conditions are similar to IOC in the Papuan Basin.<
Nope, Indoreservoir, those conditions are not at all similar to those in which IOC is operating. In IOC's very unusual conditions, the number crunching you are doing serves more to obscure than illuminate.
2. Page 45 Table 9 - USA success rates in the 1980s - new field wildcats in the 13-18% range
I'll note that many or most of these new wildcats are in established sedimentary basins, targeting known geologic formations which have discoveries or produce at wells nearby in the basin.
These conditions are similar to IOC in the Papuan Basin.<
Nope, Indoreservoir, those conditions are not at all similar to those in which IOC is operating. In IOC's very unusual conditions, the number crunching you are doing serves more to obscure than illuminate.