Work Commitments
Published work commitments are included in ECube. Often work commitments are not, or only partly published. In these cases a typical exploration program may be estimated. The origin of the data is visible. Work commitments provide insight into what are typical commitment terms in different regions. For seismic providers and rig owners the work commitments give indications on the operators’ plans, and thus insight into concrete upcoming market opportunities. The table shows work commitments on some Angolan licenses: Phase durations “scouted” are from the work program, “estimated” are “most likely” based on analyst assessment. Work program wells are from the work program, if not given “Scouted planned wells” is analyst estimate based on company reporting.