Man you are already jumping out of the Oil and gas life cycle. (Commercialisation will come aroung ph4- after production)- Seismic is a part of your exploration (you are correct in saying its just a prelim data) - Now we are in to development so Appraisal part is already completed.
Exploration
Appraisal
Development
Production - Commercial
P&A (Plug and Abandonment)
3/10 still applies.- they may find duster and have to P&A but i never had this experience with Santos. Had one with Woodside just couple of years ago during Julimar Ph2 -1 out of 4 wells came duster.
Man you are already jumping out of the Oil and gas life cycle....
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