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What is the drilling success based on MET results?

April 26, 2017based Drilling Met results success

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What is the drilling success based on MET results?

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We believe that our method will produce around 75% accuracy for exploratory wells. The wells included in our data base are primarily from Canada, with some from S. America. Even though our data interpretation is based on Canadian well results, we find for instance that all 14 wells in our Argentina and Ecuador subset have been correctly defined. We recommended 7 well sites and all were completed. We did not recommend the other 7 and all were abandoned.