KAR 0.44% $1.13 karoon energy ltd

exxon/karoon, page-11

  1. 261 Posts.
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    Hydraulic fracturing is actually not that complex and with an onshore site, you don't need a frac boat to be mobilized. Its just a set of trucks with high pressure pumps and a bit of proppant.

    I don't think horizontal drilling is that much of a differential either since they tend to do a fair bit of that offshore as well in order to maximize contact with the reservoir.

    And hands down, piping and subsea compressors or compression platforms are going to be more expensive than onshore. You still need the same plant so thats still not a differential.

    Then you have to look at intervention works. How much does it cost to do workovers on an onshore well as opposed to having to get a dp intervention vessel or rig onto site and operate?

    I still don't believe that they're comparable.
 
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