Muad,
I'm no expert, I understand the "Probability of Success" and the "Geological chance of Success" are two different measurements.
The Probability of Success will be higher as it's based on the success ratio of a play or area in which a number of wells have been drilled.
The Nanushuk analogues have had a high success rate so the Probability of Success will be high.
The Geological Probability of Success will be based on the particular target;
1. A reservoir rock where the petroleum can accumulate.
2. A trap so that petroleum is retained in a reservoir.
3. A source rock containing organic material, which can convert to petroleum at sufficient
temperature and pressure.
4. A migration route that allows the petroleum to move from source to reservoir rock.
Happy to be wrong here but the wording of the statements is crucial.
Cheers
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