In a large organisation such as Shell you would have the technical group assessing the 3D + CSEM data and producing a report on the probabilities of and potential size of hydrocarbons in the various traps with risk/benefit analysis.
The next step is to put this report into the decision making committees where any number of capital expenditures are being reviewed. The $US65 million + the allocation of a rig is a reasonably large decision and would have to pass up the line to the required level.
A NO result can be much quicker than a YES result.
In a large organisation such as Shell you would have the...
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