Apalachicola embayment may be continent's last virgin oil basin

02/08/1999
Jamil Azad Azad Exploration Ltd. Calgary History has shown that the largest fields in a given basin are usually discovered early in its exploration. Today in the developed areas of the U.S. and Canada each successful exploratory well yields on the average less than 100,000 bbl of oil. Only one exploratory well in seven is successful. The odds of discovering a large oil field were much greater in the early days of exploration. For example: The first well in Pakistan's Sind Province hit giant Sui gas field. The first wildcat in northeastern India's Assam area turned up Digboi oil field, and the second found Nahorkatiya o...
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