There are a wide variety of different types of water tank designs available in the marketplace. The most common materials used to create water tanks include fibreglass (or GRP – Glass Reinforced Plastic), PVC, steel, and concrete.
New World Oil and Gas has signed a farm-out deal and drilling contract with ThermaSource International for New World’s Blue Creek project in Belize. Drilling costs should come down by a quarter as a result, and drilling is expected to start in October. The first prospect to be drilled is B Crest, which has prospective resources of 92 million barrels of oil.