Director Steve Staley:
“We have done much to reduce the risk of finding a bad quality reservoir,” said Staley.
“We are carrying a 21% chance of success number. But that figure predates a lot of [seismic interpretation] work. “Tangiers did a competent persons report before the 3D was shot and interpreted. “
Galp has looked at the chance of success and is running with a substantially higher chance of success.”