I see I was way off with my understanding of the logistics of deepwater drilling as for Romney. Yes, target TD is 3100m below the seabed but with 1500m of ocean above it appears that drill times can be 2-3X that of the equivalent shallow water well, say in 100-150m deep ocean. Hence the JV estimate of 70 days from spud [Nov 26] to TD and the $US100m estimate for the well [daily rate @ about $US1m].
