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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

More on Nexen's Long Lake

I've talked about Nexen's Long Lake project in the past so I like to keep tabs on any new developments.  

From Reuters Special Report: The education of China's oil company

CNOOC says it is seeking "new technology to overcome the complex geology. It is not yet clear, industry analysts say, where that technology will come from.

The term "Long Lake reserves" should probably be replaced with "Long Lake resources" but that's a job for reservoir engineers, some of who were obviously VERY wrong about the viability of the project.