Preliminary planning, exploration drilling, new venture
Guidelines for preliminary planning of exploration drilling
1 Liaison with Exploration
The Exploration Ventures group, is the customer for the whole single string venture organisation. Their drilling requirements may reflect the maturing of a prospective area or a contractual requirement to drill one or more wells under an exploration agreement with a government. In the latter case there may be a strong desire to limit the drilling budget to a sum committed to be spent under the terms of the exploration agreement. There may also be a time constraint dictated by relinquishment provisions . . .