TDC CALCULATION FOR THE DETERMINATION OF DRILL BIT PERFORMANCE.

Provided by: Varel International.

Total Drill Cost per foot or meter

TDC= Cost of Bit + Cost of Rig / Hour

Total feet or meters Bit Penetration Rate

Varel Brand X

Cost of Bit = Cost of Bit =

Total Feet or Meters = Total Feet or Meters =

Cost of Rig / Hour = Cost of Rig / Hour =

Bit Penetration = Bit Penetration =

TDC = #DIV/0! TDC = #DIV/0!

Brand Y Brand Z

Cost of Bit = Cost of Bit =

Total Feet or Meters = Total Feet or Meters =

Cost of Rig / Hour = Cost of Rig / Hour =

Bit Penetration = Bit Penetration =

TDC = #DIV/0! TDC = #DIV/0!

 TDC CALCULATION FOR THE DETERMINATION OF DRILL BIT PERFORMANCE.
Provided by: Varel International.

Total Drill Cost per foot or meter

TDC= Cost of Bit + Cost of Rig / Hour

Total Feet or Meters = Bit Penetration Rate

Varel Brand X

Cost of Bit = Cost of Bit = $1,566.00

Total Feet or Meters = Total Feet or Meters = 25000.00

Cost of Rig / Hour = Cost of Rig / Hour = $150.00

Bit Penetration = Bit Penetration = 240.00

TDC = #DIV/0! TDC = $0.69

Brand Y Brand Z

Cost of Bit = Cost of Bit =

Total Feet or Meters = Total Feet or Meters =

Cost of Rig / Hour = Cost of Rig / Hour =

Bit Penetration = Bit Penetration =

TDC = #DIV/0! TDC = #DIV/0!

 TDC CALCULATION FOR THE DETERMINATION OF DRILL BIT PERFORMANCE.
Provided by: Varel International.

Total Drill Cost per foot or meter

TDC= Cost of Bit + Cost of Rig / Hour

Total Feet or Meters = Bit Penetration Rate

Varel Brand X

Cost of Bit = $3,000.00 Cost of Bit = $2,800.00

Total Feet or Meters = 1800.00 Total Feet or Meters = 1800.00

Cost of Rig / Hour = $200.00 Cost of Rig / Hour = $200.00

Bit Penetration = 19.00 Bit Penetration = 18.00

TDC = $12.19 TDC = $12.67

Brand Y Brand Z

Cost of Bit = $2,600.00 Cost of Bit = $2,400.00

Total Feet or Meters = 1800.00 Total Feet or Meters = 1800.00

Cost of Rig / Hour = $200.00 Cost of Rig / Hour = $200.00

Bit Penetration = 18.00 Bit Penetration = 18.00

TDC = $12.56 TDC = $12.44

Total drilling cost (TDC) can be calculated in several ways, but it is not always the cheapest bit
which offers the lowest cost. A small increase in penetration rate can significantly affect the results.

EVEN WITH A HIGHER BIT COST