Word: sedco
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Small Pockets. This barge, one of four scattered across the angry seascape of the Canadian continental shelf, belongs to SEDCO, Inc. and is leased to Shell Oil for a five-hole exploration at an estimated cost of $11.5 million. So far, only one wildcatter on this portion of the shelf has found any oil, and that was only in small pockets. But Gil Baucheis, "tool pusher" or chief honcho aboard SEDCO's barge, points out that wildcatters drilled in the North Sea for ten years before striking huge reserves...