A prediction that over the next decade T&T will discover upwards of three billion barrels of recoverable reserves of crude oil, two billion of which will come from the deep water.
Let me get this straight, Dr Krishna Persad has predicted this with out a drill bit touching the ground.
Woodside hit 5 dry wells at pluto. Where they new there was gas.
Persad said there was no question that they would be successful and this will assist T&T in increasing its crude production. He argued that Petrotrin would be making discoveries in its onland acreage because of its 3d seismic, which the company acquired recently and is now studying. “We made these discoveries in the past using what would be considered now, [crude methods.] I am confident that there will be significant discoveries onland.”
Where is the 3D? What was the result?
He has also predicted discoveries in the north coast marine area, but noted that those discoveries are likely to have little or no associated liquids and will be dry gas. (= High in CO2)
RRS Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
