Drilling oil and gas wells is an expensive operation. Besides the technical risks inherent in exploring for oil and gas, well drilling can be an even .. Read more more risky venture without proper preparation work including a detailed, and realistic cost estimate for drilling the well and establishing systems to estimate, forecast and control well costs while drilling operations are ongoing. This intermediate-level 3-day course covers the elements which comprise the well cost, how to estimate, forecast and monitor them. It also covers elements like geographical location, type of well and profile, hole depth, well targets, rig type, completion type, and contracting strategies. This course will provide participants* with plenty of worked examples and hands-on exercises to ensure that the concepts are properly understood.
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