The reason for the recent rise in SP. Light oil is easier to extract securely. Shell & Qatar must be investing way over $100 million on this drilling just look at the depth.
"The Graff-1 well has been drilled in approximately 2,000m water depth, with a total drilling depth of 5,376m below the sea surface. Pancontinental’s PEL 87 licence area covers approximately 10,970 sq Km with water depths from 400m to 3,000m."
Nice start for 2022.
GLTAHs
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