The Oil Drum | DrumBeat: September 29, 2006

221 comments on DrumBeat: September 29, 2006

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oilmanbob on September 29, 2006 - 11:32am

You're right, Jack2 was a field confirmation well. The production test was very hopefull-6,000 bbl/day for 30 days- but that doesn't make it cheap. My point, and I'm sure its valid, is that if Statoil is so sure of the Jack find why are they spending a smooth billion on second-rate hydrocarbons that will cost a minimum of $50/bbl to produce and refine? I don't think Statoil believes the media hype either.

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PhilRelig on September 29, 2006 - 5:44pm

I have a question (possibly a dumb one): Does that 6000 barrels/day that came up for 30 days eventually get sold on the market? Even though it was only a test?

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SqueakyRat on September 29, 2006 - 9:59pm

Gotta do something with it.

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221 comments on DrumBeat: September 29, 2006

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