PTW if you read contracts too closely you will develop a major case of fear. I should know, I've written a lot of them and they are for contingencies, comes down to bargaining power. Big companies have the power for exit strategies. Little guys take what they can get.
Get some perspective: would Petrobras risk $31mil on a single hole if it didnt think there was a pretty good chance of success? Nup!!
Rehashing the issues here. But it's enormous fun, too.
I've learnt a lot in this ride, thanks to informative posters.
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