P111 - CBP Cost Estimate
P111 - CBP Cost Estimate
7 (January 2008)
SIDETRACK DETAILS
                              Section Depth AH           Planned Duration (days)                      Top Of         Top Of     Mud    Coring              Directional section length
                                ALONG HOLE              m/Day            Drilling       Casing        Casing         Cement    Type      Y/N    MM+MWD       MM/MWD/GR       MM          TURB
          22"                         0                   0                 0             0.0           0              0       WBM
         17.5"                       200                 400              0.5             1.0           0              0       WBM
       12.25" (1)                   2,192                200              10.0
       12.25" (2)                     0                   0                 0                                                  WBM
       12.25" (3)                     0                   0                 0             3.0           0             1000
        8.5" (1)                    4,090                 50               38                                                                      0            0             0            0
        8.5" (2)                      0                   0                 0                                                  OBM       N         0            0             0            0
        8.5" (3)                      0                   0                 0             5.0           0             2000                         0            0             0            0
         6" (1)                       0                   0                 0                                                                      0            0             0            0
         6" (2)                       0                   0                 0                                                  OBM       N         0            0             0            0
         6" (3)                       0                   0                 0             0.0           0              0                           0            0             0            0
          TD                        4,090                                 48.5            9.0
EVALUATION
                                     Days                Pex              XPT            OBMI          UBI            CSS     Other    Cost $
Logging 12 1/4"                       0                   N                 N             N             N              N            0    0
Logging 8 1/2"                        2                   Y                 Y             Y             N              N        60000 290,216
Logging 6"                            0                   N                 N             N             N              N            0    0
Prod. Test 12 1/4"                    0
Prod. Test 8 1/2"                     0
Prod. Test 6"                         0
Prod. Test 3 3/4"                     0
ABANDON / SUSPEND
Abandonment
Abandonment Time                      0                 days
Number cement plugs?                  0                 plugs
Suspension
Suspension Time                       0                 days
COMPLETION
                                                                        Perforations                                  Y?      Meter
                                                                        Wireline                                      Y         10
                                                                        TCP                                           N          0
If there are tops with the same depth,                       AH depths will default to                      Enter the Reference number of the reference pressure to which a formation is
enter depths with 0.1m difference to                         TV depths. Overwrite with                      subjected to in the Reference Number column and the gradient of the reservoir
maintain sorting order.                                      correct Compass depths.                        content in the Fluid Gradient column
                                                                                                            Leave other fields of these columns empty
Al Furat Petroleum Company                                                                                    Northing(Y)              Easting(X)           Field:          Omar        Location:          P 111                AFE Cost Center:                DFD00PIE001320 1301
                 Drilling Programme                                                             Surface      355,925.35              587,628.57                      Target depth: 3633m tvbdf                                        Drill, Eval., Case                        Total AFE
            3-1/2" Cemented Completion                                                           Target      356,030.00              587,670.00                 Target tolerance : 35                                         59.5 days, US$ 3,518,678                          62.5 days
                                                                                                                                                                                                                                                                              US$ 4,093,586
                         OMAR P111                                                              Rig   Contractor    MSL-GL         GL-DF        MSL-DF Position: Midway between OM 125 and OM 103                                   Re-enter & Complete
                                                                                                 8    Admasco        199.65        10.83         210.5   Correlation: OMAR 103, 125, 132, 136, 139, 146,217                          3 days, US$ 574,908
                                                              Section
                  (TV)                         Pore            Size /                                                            Logging/                                                                                                                                                  Well Head
+/- AH bdf         bdf            Geology     Pressure         Depth                      Mud                                    Surveying                                  Casing                                      Cement                                      BOP                     Code
                                              Expected                                                                                                                                                                      Top                                                  Test
                                                                        Depth     PPG    Type   PV    YP     FL       Mudlogging as per DOM ch 12                                                     Type       PPG                     Spacers     Size    Type    Rating
10   314     (314)                            Max/Depleted                                                                                               Depth       Dia     Grade   Lbs/ft Conn.                          Cement                                              Pressure
                         Lower Fars           13 3/8" csg 17 1/2          0       8.8    Spud    -    15      -
10   778     (778)                                                                                                               No TOTCO                                                                                  Surface                           No BOP required
                         Lower Fars Salt                       200      200       9.2    Mud          20                    required at section TD        200      13 3/8     N80      68       BTC    G         14.5     100% XS         None                                              A65C-M
10   976     (976)
                         Lower Fars TZC
10   1032    (1032)                                           12 1/4    200       8.8           12    15     NC                       No                 2192      9 5/8      L80      40       BTC                                                          No BOP required.
                         Jeribe                                                          WBM                                     intermediate                                                                               Top          CW-100           Reference DOM Ch 13,              C68A-M
10   1113    (1113)                                            2192     2192       10           15    20    12-15                   surveys                                                           Lead:      12.1      Jeribe        chemical   Drilling Operations - Shallow HC
                         Dhiban                                                                                                 EMMS survey                                                             G                 30% XS           wash
10   1181    (1181)                                                                                                             at section TD
                         Euphrates                                                                                                                                                                                                       MudPush
10   1313    (1313)                                                                                                                                                                                                                      weighted
                         Chilou                                                                                                                                                                                                           spacer
10   1595    (1595)                                                                                                                                                                                   Tail:      15.8      300 m
                         Jaddala               9 5/8" csg                                                                                                                                              G                  30% XS
10   2292    (2292)
                         Aaliji                                                                                                                                   Test casing 5,000 psi
10   2737    (2737)                                                     2192                                 12                                                 No leak-off test is required.
                         Upper Shiranish                                                                                                                         Assumed EMG 11.8 ppg.
25   3179    (3179)                                                                                                                                                                                           Bent extend + D800 retarder            Size    Type    Rating     Test
                         Lower Shiranish                       8 1/2    2192     10.00 OBM      18    15     5               EMMS at TD                  4090        7        L80      29    Prem Lead           12.5       200 m        CW-100     13 5/8   Ann     5000       1500
75   3609    (3594)                                                                                                 MWD surveys with directional assy.                                             G                      inside the     chemical   13 5/8   Ram     5000       5000
                         MBF                                   4090                             22    20     7      EMMS every 200m with rotary assy.                                                                   9 5/8 " casing     wash
25   3649    (3634)                                                                                                                                                                                                                                                                           D67C
                         RUL3A                                                                                                                                                                                             caliper       MudPush         Hard shut in mode.                   E03A
25   3655    (3640)                                                                                                                                                                                                        + 10%         weighted      Reference DOM Ch 13,               (3 1/2 INCH)
                         RUL2A                                                                                                                                                                                                            spacer    Operating Procedures - Shut in
25   3686    (3670)                                   5655                                                                                                                                                                   Tail
                         RUL2B                 6455 / 4855                                                                                                                                            Tail       15.8      200 m
25   3747    (3730)                                   5660                                                          Logging Requirements:                                                              G                 above top                  Prepare/update pre kick sheets
                         MUG                   6460 / 4860              4090     10.00                15     5      1) AIT-PEX-NGT (GR to Surface)                                                                       reservoir                  prior to drill out of 9-5/8" casing
25   3777    (3760)                                   5684                                                          2) XPT-GR                                                                                            or top gas                        every BHA change
                         MUF0                  6484 / 4884                                                          3) CMR+ (on standby)                                                                                   caliper                         every 100m drilled
                                                                                                                    4) OBMI / BHC (On Standby)
25   3803    (3786)                                   6134                                                                                                                                                                 +10%
                         MUF1                  6534 / 3934
25   3912    (3895)                                   3958                    Detailed mud programme will                                                                                                     Detailed cement and spacer
                         MUF21                 6558 / 3158                        be issed by Alliance                                                           Test tubing to 3,000 psi.                 designs will be advised by SLB WS
25   4002    (3984)                                   3979                                                                                                                                                       and agreed by TDE/11
                         MUF22                 6579 / 3179                                                                                                                                            Magnetic parameters for SUCOP corrections:
                                                               Notes:                                                                                                                                 Sample Date
     4091    (4074)                                    4069                                                                                                                                                                          : 31/12/2008
                                                               The target is only 35m radius.                                                                                                         Geomagnetic Model
                         TD                    6269 / 2069                                                                                                                                                                           : Bggm 2007
             ()                                       4142     Probability of flow from Lower Shiranish.                                                                                              Latitude                       : 35° 06' 49.207" N
                                               6342 / 2142
                                                               High overbalance pressures on the MU.                                                                                                  Longitude                      : 40° 30' 44.265" E
             ()                                       4216     The wellhead shall be MSP Drilex. No 13 3/8"CHH. Nipple up WH on 9 5/8".                                                               Magnetic Declination           : + 4.394° (E) from True North
                                               6416 / 2216                                                                                                                                            Magnetic Azimuth Apply         : 2.6º to convert to Grid North
                                                   7" csg
                                                                                                                                                                                                      Grid Convergence               : 1.79º from True to Grid North
                                                                                                                                                                                                      Dip Angle from Horizontal      : 52.626°
                                                                                                                                                                                                      Magnetic Field Strength        : 46312 nT
Prepared By:                                Checked:
RUL3A        3634       6055       0.508        139          10.10       6455       0.541        -261         10.74       4855       0.407       1339          8.16        5655       0.474        539          9.45
RUL2A        3640       6060       0.507        144          10.09       6460       0.541        -256         10.73       4860       0.407       1344          8.16        5660       0.474        544          9.44
RUL2B        3670       6084       0.505        171          10.05       6484       0.539        -229         10.69       4884       0.406       1371          8.13        5684       0.472        571          9.41
MUG          3730       6134       0.501        224          9.96        6534       0.534        -176         10.59       3934       0.321       2424          6.50        6134       0.501        224          9.96
MUF0         3760       6158       0.499        250          9.92        6558       0.532        -150         10.55       3158       0.256       3250          5.24        3958       0.321       2450          6.49
MUF1         3786       6179       0.497        273          9.89        6579       0.530        -127         10.51       3179       0.256       3273          5.24        3979       0.320       2473          6.48
MUF21        3895       6269       0.491        370          9.74        6269       0.491         370          9.74       2069       0.162       4570          3.42        4069       0.318       2570          6.43
MUF22        3984       6342       0.485        448          9.63        6342       0.485         448          9.63       2142       0.164       4648          3.45        4142       0.317       2648          6.39
TD           4074       6416       0.480        528          9.53        6416       0.480         528          9.53       2216       0.166       4728          3.48        4216       0.315       2728          6.36
COST CALCULATIONS                                            MOVE              RE-ENTRY                  22"                   17 1/2"                12 1/4"                                 8 1/2"                                                         6"                                     COMPLETION
WITHOUT CONTINGENCY                                   Drilling  Compl.   Drilling    Compl.   Drilling         Casing   Drilling     Casing   Drilling(1)   Casing   Drilling(1) Drilling(2) Drilling(3) Evaluation   Casing    Drilling(1) Drilling(2) Drilling(3) Evaluation   Casing   ABAN     SUSP    COMP          TOTAL
OMAR P111                                RIGDAYS       1.0        0.0     0.0          0.0     0.0              0.0      0.5           1.0       10.0         3.0       38.0         0.0         0.0        2.0        5.0          0.0         0.0         0.0        0.0        0.0       0.0       0.0      3.0                63.5   DAYS
                                          M DRLG                          0.0          0.0       0                       200                    1992                   1898            0           0                                  0           0           0                                                                  4090    M DRILLED
                                           M CSG                                                                 0                     200                   2192                                                      4090                                                        0                                             6482    M CASING
                                           M CMT                                                                 0                     200                   1192                                                      2090                                                        0                            0                3482    M CEMENT
                                       M MM/MWD                                                                                                     0                    0           0           0                                  0           0           0                                                                        0   Days MM
                                         M MM/GR                                                                                                                         0           0           0                                  0           0           0
                                            M MM                                                                                                  0                      0           0           0                                  0           0           0                                                                       0 Days MWD
                                          Turbine                                                                                                 0                      0           0           0                                  0           0           0                                                                       0 Days LWD
                                          M Cored                                                                                                                                    0                                                          0                                                                                   0 M Cored
600 600
800 800
1,000 1000
1,200 1200
1,400 1400
1,600 1600
1,800 1800
            2,000                                                                            2000
Depth mAH
2,200 7 2200
2,400 2400
2,600 2600
2,800 2800
3,000 3000
3,200 3200
3,400 3400
3,600 3600
3,800 3800
            4,000                                                                            4000
                        12
            4,200                                                                            4200
                    0        5   10    15   20          25   30   35         40         45
                                                 Days
                                           OMAR
                                        CostP111
                                            vs Depth Curve
                        0
               0
200
                                  200
             200
400
600
             800
                                                                   Plan
                                                                   Plan + Contingency
1,000
1,200
1,400
            1,600
Depth mAH
1,800
            2,000
                                                           2,192
2,192
2,200
2,400
2,600
2,800
3,000
3,200
            3,400
                    0       200         400          600             800                1,000   1,200
                                              Cost (US$ x 1000)
                                           OMAR
                                            P111 vs Depth Curve
                                        Pressure
               0
200
             400
                                                                     MudGra
                                                                     dient
             600                                                     Hydrost
                                                                     atic
                                                                     Initial
                                                                     Maxim
             800                                                     um
                                                                     Minimu
                                                                     m
                                                                     Expect
            1,000                                                    ed
1,200
1,400
1,600
1,800
2,000
            2,200
Depth mAH
2,400
2,600
2,800
3,000
3,200
3,400
3,600
3,800
4,000
4,200
4,400
4,600
4,800
            5,000
                    0                                   Pressure (psi)
                        500 1,0001,5002,0002,5003,0003,5004,0004,5005,0005,5006,0006,5007,0007,5008,000
                                                     WELL SCHEME               S                          DRILLING RIG Admasco 8       WORK ORDER No        DFD00PIE001320 1301
       OMAR P111                                       WELL TYPE            Producer              DRILLING DURATION      59.5                AFE DRILLING      US$3,518,678
       DRILLING PHASE                        COMPLETION TYPE       3 1/2" CR13 single selec.   COMPLETION DURATION       3.0          AFE COMPLETION            US$574,908
                                                      DEPTH               4090 meters               TOTAL DURATION       62.5               AFE TOTAL          US$4,093,586
TIME RELATED COSTS                         MOVE        RE-ENTRY       22"           17.5"        12.25"       8.5"        6"       EVAL          ABAN        SUSP       TOTAL
   9953 ALLOCATION PAYROLL RIG STAFF
   6121 RIG RENTAL                                                                 34,125       295,750      978,250               45,500                              1,353,625
   6122 DRILLING EQUIPMENT RENTAL            800                                   1,200         10,400      34,400                1,600                                 48,400
   6131 DIRECTIONAL DRILLING & SURVEYING    1,650                                  2,475         21,450      70,950                3,300                                 99,825
   6133 MUD ENGINEERING & MUDPLANT           241                                     362         3,133       10,363                 482                                  14,581
   6141 MUD LOGGING                         1,050                                  1,950         16,900      55,900                2,600                                 78,400
   7164 FUEL                                                                       8,250         71,500      236,500               11,000                               327,250
   7165 WATER                               100                                      150         1,300        4,300                 200                                  6,050
        SUB-TOTAL (No Contingency)         3,841           0           0           48,512       420,433     1,390,663      0       64,682          0           0       1,928,131
        DAYS                                1.0           0.0         0.0            1.5          13.0         43.0       0.0        2.0          0.0         0.0         60.5
        TOTAL/DAY                          3,841           0           0           32,341        32,341      32,341        0       32,341          0           0         31,870
DEPTH RELATED COSTS                        MOVE        RE-ENTRY       22"           17.5"        12.25"        8.5"       6"       EVAL          ABAN        SUSP       TOTAL
   6132 CEMENTING SERVICES                 1,162                                   4,243         17,606      52,466                2,324                                 77,801
   6134 CASING SERVICES                                                            1,458         5,212        8,550                                                      15,219
   6137 MUD & BRINE TRANSPORT                                                                                10,000     10,000                                           20,000
   6152 TUBING SERVICES
   6153 PRODUCTION LOGGING
   6154 COMPLETION SERVICES                 1,050                                  1,575         13,650      45,150                 2,100                               63,525
   616x ELECTRICAL LOGGING                                                                                                         290,216                             290,216
   7111 BITS & COREHEADS                                                           4,000         43,824      53,144                                                    100,968
   7121 CASING                                                                     13,000        87,680      233,130                                                   333,810
   7122 CASING ACCESSORIES                                                         1,393         5,909        7,742                                                     15,044
   7131 MUD FLUIDS & CHEMICALS                                                     2,400         19,920      94,900                                                    117,220
   7133 COMPLETION FLUIDS & CHEMICALS
   7134 CEMENT                                                                     2,100         2,300       2,300                                                      6,700
   7135 CEMENT ADDITIVES                                                           4,588         20,979      18,497                                                     44,064
   7141 TUBING, XO, PUP JOINTS
   7143 TUBING ACCESSORIES
        SUB-TOTAL (No Contingency)          2,212          0           0           34,757       217,080      525,878    10,000     294,640         0           0       1,084,567
        METERS                                                         0             200         1,992        1,898        0        4,090          0           0         4,090
        TOTAL/METER                                                   0.0          173.8         109.0        277.1       0.0        72.0         0.0         0.0        265.2
ONCE OFF COSTS                              MOVE       RE-ENTRY       22"           17.5"        12.25"        8.5"       6"        EVAL         ABAN        SUSP       TOTAL
   6111 LOCATION PREPARATION               12,000                                                                                                                        12,000
   6125 MOB / DEMOB / RIG MOVING           131,000                                                                                                                      131,000
   6135 FISHING & MILLING SERVICES           200                                       300       2,600        8,600                 400                                  12,100
   6136 INSPECTION SERVICES
   6138 WORKSHOP SERVICES
   6139 OTHER DRILLING SERVICES
   6143 PROD. TESTING / PERFORATION
   6144 CORE ANALYSIS
   6145 CORING SERVICES
   6151 STIMULATION SERVICES
   6155 SITE RESTORATION                    2,000                                                                                                                       2,000
   7123 WELLHEAD                                                                   6,000         11,000      12,000                                                     29,000
   7136 STIMULATION CHEMICALS
   7139 OTHER ADDITIVES
   7142 COMPLETION PACKERS
   7144 X-MAS TREE
   7145 WELL PUMPING UNIT / ACCESSORIES
        SUB-TOTAL (No Contingency)         145,200         0           0           6,300         13,600      20,600        0         400           0           0        186,100
TOTAL                                       MOVE       RE-ENTRY       22"           17.5"        12.25"        8.5"       6"        EVAL         ABAN        SUSP       TOTAL
EXCLUDING CONTINGENCY                      151,253                                 89,569       651,113     1,937,141   10,000     359,722                             3,198,798
INCLUDING 10% CONTINGENCY                  166,378                                 98,525       716,224     2,130,855   11,000     395,695                             3,518,678
                    WELL SCHEME             S                      DRILLING RIG Admasco 8       WORK ORDER No        DFD00PIE001320 1301
 OMAR P111             WELL TYPE         Producer            DRILLING DURATION     59.5               AFE DRILLING      US$3,518,678
COMPLETION       COMPLETION TYPE   3 1/2" CR13 single selec. COMPLETION DURATION   3.0         AFE COMPLETION            US$574,908
                    COMPL. DEPTH           4000 m                 TOTAL DURATION   62.5              AFE TOTAL          US$4,093,586
Accounting
                                                                                                   Total:      $4,093,586
Justification:
Approvals:
Sponsor (TDE)
FFA
Sponsor (TDE/D)
                                                                                      General Manager
                                            FM
Manager (TM)
Manager (TM)
                                            FM                                        Chairman
                                                              Well Design and Well Info Plan Data
*Use step days and stepcosts for entry in Well Info 'Plan Data' and 'Geometry'
                                                             200,000
                                                                       400,000
                                                                                 600,000
                                                                                           800,000
                                                         0
                                                                                                     1,000,000
                                                                                                                 1,200,000
                                                                                                                             1,400,000
                                                                                                                                          1,600,000
                                                                                                                                         COST (USD)
                                           RIG RENTAL
                           DRILLING EQUIPMENT RENTAL
                     DIRECTIONAL DRILLING & SURVEYING
                         MUD ENGINEERING & MUDPLANT
                                        MUD LOGGING
                                                 FUEL
                                               WATER
                                 CEMENTING SERVICES
                                     CASING SERVICES
                              MUD & BRINE TRANSPORT
                                     TUBING SERVICES
                                PRODUCTION LOGGING
                                COMPLETION SERVICES
                                 ELECTRICAL LOGGING
                                    BITS & COREHEADS
                                               CASING
                                 CASING ACCESSORIES
                              MUD FLUIDS & CHEMICALS
                       COMPLETION FLUIDS & CHEMICALS
                                              CEMENT
                                    CEMENT ADDITIVES
                               TUBING, XO, PUP JOINTS
DRILLING OPERATION
                                 TUBING ACCESSORIES
                                                                                                                                                WELL COST ANALYSIS
                               LOCATION PREPARATION
                             MOB / DEMOB / RIG MOVING
                            FISHING & MILLING SERVICES
                                 INSPECTION SERVICES
                                  WORKSHOP SERVICES
                             OTHER DRILLING SERVICES
                         PROD. TESTING / PERFORATION
                                       CORE ANALYSIS
                                     CORING SERVICES
                                STIMULATION SERVICES
                                    SITE RESTORATION
                                            WELLHEAD
                               STIMULATION CHEMICALS
                                     OTHER ADDITIVES
                                 COMPLETION PACKERS
                                           X-MAS TREE
                          PUMPING UNIT / ACCESSORIES
riginator    B. Anderson '94 Excel 3
Modified     B. Makkink '95-'96 Excel 3-5
 Updated     P. Tognet '97 Excel 5
  Rewrite    B. Makkink '98 Excel 97
Updated      F. Yazir november 2001 Excel 97 and March 2003
updated      B.Youssef, A.Jain, P.Graham, June 2007
Version 5.6
   Jun-07
        1    Updated unit rates in the COSTCAL sheet based on the available rigs, new contracts up to 2007 and marked with red.
        2    Renamed as Welldesign version 5.6.1
        3    Updated riglist and rates.
        4    update logging cost as per new Schlumberger contract 2006
        5    Updated WL, TCP perforation costs as per new Schlumberger contract 2006
        6    Updated data labels for time and cost versus depth graphs and solve problem with labels.
        7    Cement and cement services rates - updated Dowell contract for 2 rigs.
        8    Cement additives charge - updated based on DOWELL data
        9    updata plan data sheet to reflect operation label on the CVDC and TVDC plots.
       10    Bits (based on the average cost/mtr figures from the PDC bits), and bit services cost were added to drilling equip services cost.
       11    Updated civil costs ( well site preparation, restoration) according to Vartanian contract 2007.
       12    update mudlogging cost and split unit move cost to be included during rig move days.
       13    update other rates table in the COSTCAL sheet to include mudlogging and casing costs on W/O rigs when drilling.
       14    Added cost analysis plot sheet to give an idea where highest costs are paid
Version 5.5
   Jun-05
        1    Renamed as Welldesign version 5.5
        2    Updated riglist and rates (Sapesco 1,2,4; removed MB rigs)
        3    Included "small slim" well type in entry sheet / updated cost data for this well type
        4    Included "4 1/2" cemented completion" in completion type / updated cost data for this completion type
        5    Added a completion depth field in the Entry sheet
        6    Added Small Slim cover sheet
        7    Updated data labels for time and cost versus depth graphs (to include cemented completion case)
        8    Updated AFE sheet: DEMINEX changedto Petrocanada
        9    Updated cost for fishing and milling services based on new contract (Weatherford, 21/2269/3) - continuous equipment
       10    Cement services rate - updated from new Dowell contract for 7 rigs / based on TDE/13 data
       11    Cement job charge - updated from new Dowell contract at 2420 USD/job regardless of size / based on TDE/13 data
       12    Cement additives charge - updated based on TDE/13 data
Version 4.02
 3/13/2003
         1 Renamed as Welldesgn_97 version 4.02
         2 Rig 5, 603 and WO rig 1 is included in the spreadsheet
           Updated costs are:
         3              Mud (based on additional cost for NT chemicals)
                        Casing (based on the latest cost figures provided by TDE/2
                        Cement + additives (Average cost/mtr given TDE/14 based on the new Dowell cement contract).
                        Bits (based on the average cost/mtr figures including the PDC bits)
                        Rig rates are updated.
                        Rig move rates are updated.
Version 4.01
11/12/2001
         1 Renamed as Welldesgn_97 version 4.01
         2 All ODE extension are changed to TDE. OM(/1) are replaced to TM’s
         3 Cosmetic changes in the way casings were presented on the front sheet.
         4 All wellhead codings are updated according the latest Cameron wellhead manual
         5 Rig 1 is included in the spreadsheet
           Updated costs are:
         6               Mud (based on the Emec cost analysis report for 1999 and 2000
                         Cement + additives (based on the average cost /mtr given by Nowsco for cement additives. The cement cost is based on the new
                         Casing and tubing (based on latest cost figures from TDE/2
                         Bits (based on the average cost/mtr figures including the PDC bits)
                         Completion (Tubing costs are based on the latest cost figures from TDE 2 and average cost figures for completion accessories g
                         BHI, there is a note in the in put spreadsheet how to calculate the cost for when high speed motors are used.
                         Wellhead (based on latest cost figures given by TDE/2 for well head components)
                         Rig rates are updated
                         Rig move rates are updated
Version 3.0
15-Mar-99
       1 Changed Fuel costs per day from $1600 to $1000 (drilling rigs, not workover) to reflect the costs as calcuated during rig evaluation of 3/3/99.
         Similar results were obtained whilst comparing planned versus actual costs for slim wells.
       2 Changed rig rates reflecting the new prices after tender exercise early March 1999
       3 maximum. If long rigmoves are expected they should be budgetted for extra.
       4 Changed prices per meter for mud for L.S.W., slim L.S.W. and Small scheme wells. Based on Mud Cost Comparison 1997/1998 by Emec.
         No downhole losses are include, If losses expected an extra reservation should be made.
       5 Changed price of mud-logging contract to reflect new contract to $435. Please note that this exclude the $165 incremental cost of the on-line
       6 Changed bit prices per meter for Small Scheme Wells for 17.5, 12 1/4", 8.5", and 6" holesize based on actual figures of 1998.
       7 Workover rigrates and rigmove rates changed
       8 Changed casing costs for 13-3/8", 9-5/8", and 7" casing
       9 Changed Wellhead costs for small scheme wells provisionally.
marked with red.
uous equipment