The Company also plans to complete wildcat drilling
along strike with the objective of possibly identifying additional lenses of mineralization similar to the EGZ.
is the search for oil or gas in either unproven or fully-exploited regions, and there is a high degree of uncertainty in the work.
In the last few years there has been no new wildcat drilling
, no exciting new opportunities identi-fied, and that is something we must address.
Iran has a high success rate of natural gas exploration, in terms of wildcat drilling
, which is estimated at 79% compared to the world average success rate of 30% to 35%, according to FGE.
This seismic project will provide Burleson with numerous new wildcat drilling
targets (with various reservoirs).
Politics, too, came in to play, as burning money on unsuccessful wildcat drilling
was thought to send the wrong message about the kingdom's ability to provide for future world oil demand.
The rig will be delivered in April 2008 and will then be used for wildcat drilling
in deep water in the Gulf of Mexico.
In 1983 Limex of Germany began wildcat drilling
at the field, operating as a contractor.