CoD of 86% is based on the drilling outcome, vendor agreements & secure finance. Each of the 3 r rated high at 95%*95%*95% = 86%
CoS is different to CoD as it looks at reservoir, trap integrity & a few other sub-surface variables.
Loosely either of these is used as a 'Risk factor' in a pre/post scenario, i.e., chance of finding Oil is say 50% (pre-drill). After they find oil, then a few years later post appraisal, long lead items, POO, FPSO, JV Finance etc etc Chance of field Development are xx%. End of the day, it must satisfy their minimum economic threshold b4 they can decide to proceed with the Development.
Ann: Buffalo-10 Drilling Update, page-62
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