"In the past we managed to get out 20% to 30%," Lord Browne said. "At the moment it's maybe 40% to 45%. I can see no reason why we could not reach 50% or 60%."
It is obvious where all the good geos have gone.
With Ching, Woodside have managed barely 3 months full production from a 123 million barrel reservior and have taken 2 years to work out how to extract 30 million barrels from a 1 billion barrel reservior ie: Tiof.
Well done chaps.
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