Re: Hungarian news - thanks John!
in response to
by
posted on
Nov 18, 2009 05:24PM
Developing large acreage positions of unconventional and conventional oil and gas resources
>Maybe if all else doesn't work out - you could start a proper translation company by offering your services to Google etc. It is hard to believe these two articles are even remotely the same when comparing your translation to Google's!!
To get a job with Google, John will have to be able to translate the entire article in under 100 milliseconds :)
Thanks John. There's no doubt your translations a much better. But we have to give credit to Google as well. After reading the translation I posted this morning, I knew exactly what the article was about. However, it was lacking in some of the details. I let out a sigh of relieve knowing that they hadn't uncovered an archeological site full of ancient Hungarian remains. That could put the entire project on hold indefinietely :)
Now as for the article,
"The TXM Kft. is organizing an information conference on location here next week"
I hope you don't have any plans for next week John. I doubt the press conference will be in English :)
"The failure of this exploration, would be too embarrassing, because a consortium of three companies have spent nearly half a billion dollars on this research."
Not exactly a lot, when you consider what ExxonMobil is willing to spend elsewhere.
Here is a very interesting article, about a HP/HT gas play in Nigeria:
http://www.sunnewsonline.com/webpages/features/money/2008/nov/13/Money-13-11-2008-003.htm
"“The Niger Delta is a prolific source of hydrocarbons. The volumes of oil and gas, both onshore and offshore are enormous,” Chaplin said.
"According to him, ExxonMobil had invested about $3.5 billion in the last five years in research and development in an attempt to find the right technology to exploit the resources."
"Exploration drilling is now occurring in domains previously thought of as being technically inaccessible.
Historically the High Pressure / High Temperature (HPHT) realm has been ‘undrillable’ but with the potential for significant hydrocarbon reserves, those boundaries are being pushed."
"In 2007, Mobil Producing Nigeria drilled the Nkanda-1 well, hence executing industry leading HPHT drilling practices in successfully managing the harsh conditions / narrow margin drilling of the unexplored Upper Miocene HPHT play."
"Exploring for gas in deepwater and HPHT trends requires expensive wells, likely over $100million each, and a strong constitution due to the moderate to high risk of these opportunities."