How accurate is the technical, time and cost data I will be able to access?
We consider the technical data provided to be highly reliable. Although we cannot guarantee that there are no errors we believe that you can use this data with a high degree of confidence. We also believe the time data provided to be sufficiently reliable to be used with confidence for all the usual applications to which it is put by participants. For drilling, most Operators produce time-depth charts during well construction that are used within the Operators organisation over time and, as a result, they are normally very accurate. These are a very useful confirmation of the time data provided in spreadsheet form which may be liable to transcription errors. The ratio of time to cost for a well of a given type is normally within certain limits which acts as an additional check. Finally, a great proportion of the wells in the databank are drilled or completed by an Operator with partners who are also participants. This also provides something of a check as any erroneous time data provid
