“Given that it's the deepest well ever drilled, you might describe it as a new frontier, except the frontier isn't farther out geographically; it's farther down toward the core of the earth.”
“You might have thought in this price environment [$60-a-barrel oil] that you might have got a bonus, but Ecuador is a difficult political and economic regime for the oil industry.”
“For Petro-Canada, it's a great price relative to the return they're earning, and they're not exiting the country. They're only exiting that contract, that asset.”
“It was disappointing, especially given that we are in such a rich market for oil and (refined) products. But on the other hand, if these issues are going to hit you, better that it happen in such a strong price environment.”
