Welcome To The CGX Energy Inc HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: Jaguar well; drilling stopped short for safety reasons

Chauncey, Forgive me as I know next to nothing about deep drilling for oil in the open ocean. What I find interesting in the recent news is that samples of light crude was discovered but not at the depth that was to be explored. This in itself is interesting. The question I have is whether the same drill hole can be used but with a different drill rig or whatever it takes to minimize the apparent effects of pressure and temperature that caused the abandonment of the Jaguar 1 hole. They state they want a re drill so it is obvious these factors can be overcome. Is there no financial benefit to commence re drilling the same hole deeper with whatever equipment is required. It has to be more cost effective to drill starting at 4876 meters than at starting again at square one. Just a question from an uninformed party. Thanks. the deputy

Share
New Message
Please login to post a reply