How much does one need to invest in an oil well?

[Niyi Briggs]

For those of us that are from countries that have crude oil, we know that owning am oil well is a sure key to massive wealth. So how can a person buy an oil well in your country?

 

[Stardom22]

I think the oil well requires some high amount of capital to invest in. However if have like $50, 000 can be more than enough to cater up for everything required for the business to start of.

 

[IB D]

This kind of investment is not for just typically wealthy people. It is for people that are stupendously wealthy. And when they invest in oil wells they would get wealthier.

 

[Bisolami]

For those of us that are from countries that have crude oil, we know that owning am oil well is a sure key to massive wealth. So how can a person buy an oil well in your country?

I do not know so many things about this
I hope you know that this is mostly done by the government

 

[Yohanna]

Investment in oil well is a business undertaken by the wealthy people.

 

[Bisolami]

Investment in oil well is a business undertaken by the wealthy people.

Someone needs so much money and that is why it is not done by everyone because of money

 

[cherry123]

Yeah it is possible but I think the oil well requires some high amount of capital to invest in. it is a capital intensive project but the profit will be high too.

 

[uptrendfinancialsignal]

I can't really say the exact amount of money that is needed to establish an oil well but it's a very big amount.

 

[Stardom22]

In my country the amount of money needed to establish the oil well business depends on what we'll you want to establish. For instance a petroleum well would cost the highest amount of money compared to kerosene well.

 

[cherry123]

You are right I believe that petroleum well would cost the highest amount of money as you would have made high profit from it too compared to the profit from others

 

[Yohanna]

Establishing an oil well will run into millions of dollars.

 

[Stardom22]

Of course yes. I think the folks interested in venturing on this type of business must equip themselves with huge amounts of money. Installation of only one well in my country can cost so much.

 

[jaymanuel]

In this type of business,you really have to have much money.With $45000 I think this amount is enough to start this kind of business.If the business picks then you will use the profit to expand the business

 

[uptrendfinancialsignal]

In this type of business,you really have to have much money.With $45000 I think this amount is enough to start this kind of business.If the business picks then you will use the profit to expand the business

It is true that a huge sum of money is involved in this type of investment.

 

[Niyi Briggs]

In my country, even with your billions, you would still need huge lobbying to be allowed to own an oil well. It is a big investment.

 

[Springtime]

We do not have oil wells here. I think this kind of investment requires a huge amount of money. This is only for the super rich and those who are very knowledgeable about the business.

 

[Starmix]

I do not have idea about oil well in my country. There are countries rich of oil like the Arab nations. Lucky are those having oil well. They surely become wealthy.

 

[Niyi Briggs]

To own an oil well is a guarantee that you would continue being wealthy till your fourth generation. It is not for wealthy people to own oil wells. It is for stupendously wealthy people.

 

[Blessed19]

For those of us that are from countries that have crude oil, we know that owning am oil well is a sure key to massive wealth. So how can a person buy an oil well in your country?

Investing in an oil well I'd no something that just anyone can do as it require one having millions in their accounts for them to try buying shares in any of the oil well companies that are willing to sell their shares but if not one needs to be a billionaire to be able to buy an oil well to be honest with you and going into oil business one also requires patience and the mind also in case if losses.

 

[eldavis]

I do not really have an idea about this but i know for a fact that investing in oil is usually alway very expensive. Investing in an oil well would definitely cost a lot of millions.