Sentence examples for exploration prospect from inspiring English sources
Libya is considered the second-most-important exploration prospect in the world this year, outranked only by Britain with its large fields in the North Sea, according to a list compiled in May by Fugro Robertson, a British energy consulting firm.
Maturity of the North Sea as an exploration prospect complicates life further.
The news came as Dana announced it had found "no significant hydrocarbons" after completing drilling at the Magnolia exploration prospect.
A number of unconformity-related stratigraphic reservoirs were found in Xiazijie, Urho, Mabei, Xiaoguai and other regions (Wang et al. 2005), from which the oil and gas reserves accounts for 10% of the total reserves, indicating a good exploration prospect of stratigraphic reservoirs.
Deborah Byers, Oil & Gas Leader of global advisory firm Ernst & Young 's US practice, says assumptions often presented as facts on what does [or doesn't] make shale plays tick usually fail to appreciate that each project, not just a particular exploration prospect, has its own profitability level which isn't pegged at $100 by default.
The Well targets multiple horizons including the shallow R1/R2 sands that are already producing at Tilapia; an undeveloped discovery in the lower Mengo sands; and a deeper exploration prospect in the Djeno interval from which the adjacent Minsala field produces at a rate of 5,000 bopd.
That would leave investors with little or nothing.OGX was listed in 2008 on the basis of promising exploration prospects.
Management is equally skilled at exploration, prospecting, mining, controlling costs and arranging acquisitions and joint ventures, he said.
Osborne will also try to boost job and exploration prospects in the North Sea by changing the fiscal regime.
BP's rivals are also struggling to increase production, since nationalistic governments are increasingly inclined to exclude Western firms from the most promising exploration prospects.
Premier will also receive a 16.6% interest in the Cladhan discovery and interests in a number of exploration prospects, Coaster (100%), Tudor Rose (40%) and Spaniards (28%).
