DT. wrote:Pyrpolizer wrote:a)16 of August is not far away. We will see....
Remember the licences for the moment are for exploration.This is a high risk business.
There ill be phase 2 AND phase 3 licences IF the results of these explorations are positive.
b)The number of companies that can pump oil at such a depth are ALREADY known worldwide. They are about 5.
c)Those companies charge 80-90% of the oil cost.... so make your own conclusions.
not really...they pay 10-15 million dollars to see the proposal file and be included in the bid. WHoever wins the bid will use all the proceeds of the oil to make back its initial drilling costs. The split is then usually 90% to state and 10% to the oil company.
Where did you get that figure from?? In the Aegean they asked for 80%. There are cases (oil in deep sea) where even if they get 100% they don't cover their expenses-hence they declare it economically unworthy.
This from Opec
http://www.opec.org/library/FAQs/PetrolIndustry/q9.htm
QUOTE:
Oil exploration can cost tens or hundreds of billions of dollars.
The actual costs depend on such factors as the location of possible oil reserves (i.e. on land or in deep water), how large the oil field is expected to be, how detailed the exploration information must be, and the type and structure of the rock below the ground. Exploration requires careful mapping of the surface in order to locate suitable sites (ie, types of geological structures), deep formation surveys (eg, with two and three-dimensional seismic techniques), and test-drilling. It is not easy to determine a typical cost of such activities.
The big boys in the US control the oil and yyou know that.
