Scribd Logo
Upload

Welcome to Scribd!

  • Well Drilling and Production Costs

    Uploaded by

    Osvaldo Lopes
    26 views9 pages
    This document outlines the typical phases and costs involved in oil and gas well development. It describes five phases: 1) before the casing point, 2) after the casing point but before payout, 3) after payout. For each phase it lists the sequence of technical steps/costs incurred and whether revenues have been achieved to cover initial investment (payout). The full well lifecycle from exploration through production and abandonment is depicted.

    Original Description:

    Original Title

    Well-Drilling-and-Production-Costs

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document outlines the typical phases and costs involved in oil and gas well development. It describes five phases: 1) before the casing point, 2) after the casing point but before payout, 3) after payout. For each phase it lists the sequence of technical steps/costs incurred and whether revenues have been achieved to cover initial investment (payout). The full well lifecycle from exploration through production and abandonment is depicted.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    26 views9 pages

    Well Drilling and Production Costs

    Uploaded by

    Osvaldo Lopes
    This document outlines the typical phases and costs involved in oil and gas well development. It describes five phases: 1) before the casing point, 2) after the casing point but before payout, 3) after payout. For each phase it lists the sequence of technical steps/costs incurred and whether revenues have been achieved to cover initial investment (payout). The full well lifecycle from exploration through production and abandonment is depicted.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 9

    Well

     Drilling  and  Production  Costs

    Lincoln  Pratson
    Duke  University
    100%
    90%
    80%
    70%
    60%
    50%
    40%
    30%
    20%
    10%
    0%

    Exploratory  O&G  Well  Success  Rate  (%)


    Development  O&G  Well  Success  Rate  (%)
    STEP  1

    STEP  2

    STEP  3
    STEP  4
    STEP  5
    STEP  1

    STEP  2

    STEP  3
    CASING  POINT
    STEP  4
    STEP  5
    Well  Phase Cost Sequence Revenue  Phase
    Before  Casing   • Generate Prospect
    • Lease  Acreage
    Point • Acquire  Drilling  Permits
    • Spud  Well
    • Drill  to  Casing  Point  &  Log
    After  Casing • Set  Production Casing Before  Payout
    • Complete  Well
    Point • Flowline Hook-­‐Up
    • Production
    • Remedial  Work?

    After  Payout • Continued Production After  Payout


    • Remedial  Work?
    • Water  Disposal
    • Eventually, Abandon  Well
    Well  Phase Cost Sequence Revenue  Phase
    Before  Casing   • Generate Prospect
    • Lease  Acreage
    Point • Acquire  Drilling  Permits
    • Spud  Well
    • Drill  to  Casing  Point  &  Log
    After  Casing • Set  Production Casing Before  Payout
    • Complete  Well
    Point • Flowline Hook-­‐Up
    • Production
    • Remedial  Work?

    After  Payout • Continued Production After  Payout


    • Remedial  Work?
    • Water  Disposal
    • Eventually, Abandon  Well
    Well  Phase Cost Sequence Revenue  Phase
    Before  Casing   • Generate Prospect
    • Lease  Acreage
    Point • Acquire  Drilling  Permits
    • Spud  Well
    • Drill  to  Casing  Point  &  Log
    After  Casing • Set  Production Casing Before  Payout
    • Complete  Well
    Point • Flowline Hook-­‐Up
    • Production  O&M
    • Remedial  Work?
    • Water  Disposal
    After  Payout • Production  O&M After  Payout
    • Remedial  Work?
    • Water  Disposal
    • Eventually, Abandon  Well
    Well  Phase Cost Sequence Revenue  Phase
    Before  Casing   • Generate Prospect
    • Lease  Acreage
    Point • Acquire  Drilling  Permits
    • Spud  Well
    • Drill  to  Casing  Point  &  Log
    After  Casing • Set  Production Casing Before  Payout
    • Complete  Well
    Point • Flowline Hook-­‐Up
    • Production
    • Remedial  Work?
    • Water  Disposal
    After  Payout • Production  O&M After  Payout
    • Remedial  Work?
    • Water  Disposal
    • Eventually, Abandon  Well

    You might also like