Quote:
|
Originally Posted by Brent79
Just a quick question regarding oil. I know for a fact that Queensland has Oil fields out near Quilpie that are tapped and capped. Why is this oil not being used? Big business huh?
Brent
|
Brent
There are many reasons why a particular well is not in production despite being classified as an oil discovery.
Reasons can include;
poor reservoir qaulity, poor flow rates, not close to infrastructure there for commercial viability is tested. What you will find however, that because of the high priced oil, many small discoveries are being looked at as they are becoming viable providing the other factors mentioned above aren't negative.