Skip to main content
No. of Recommendations: 0
>>Some say Gharwar may have been damaged by poor management

Is this anything more than a rumor? I have heard that Simmons said this but coming from him I regard that as malicious, self-profiting rumor mongering. He inflames opinion (guess what, to the benefit of his consulting business) by calling the Saudi royal family out-and-out liars. This is not helpful IMO for getting at the truth. I would trust better something from a person who actually knows something about this very large Saudi field.

I think I do have access to some info and opinion from a reservoir with relevant experience and contacts. From that I am inclined to disbelieve the allegation that Gawar has been damaged by mis-management.

Agreed, the Saudis are way too un-transparent and one is inclined to wonder just why they are so secretive. It's annoying but this is a very secretive culture, as I see it derived from centuries of barely surviving out in the desert where the only law is the sword and the horse. But we have no better option than to deal with it.

Best wishes -- C44
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.