The original agreement was to complete a survey of at least 5,000 sq km at a cost of US$35m, plus paying PCL US$1.5m. The final survey area was 6,593 sq km or an increase of around 32% on what was WDS's obligation.
If I made that commitment and found very little to be enthusiastic about in the first 5,000 sq km, would I throw even more money at it? Plus with what Sintana have published recently, I'm rather confident that WDS found plenty to like in the first 5,000 sq km.
Ann: Completion of PEL 87 3D Seismic Program, page-148
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