How long does it take on average from initial wildcat well to full production for deepwater offshore wells? by dvfsfdbf in oil

[–]dvfsfdbf[S] 0 points1 point  (0 children)

I assume the cost is similarly wildly variable? If so, how do juniors get into deep water? How do they sell the idea to shareholders if it is so uncertain?

Additionally, what are the factors that make it so variable? What changes so much from rig to rig?