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  • Kite 2

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    Anonymous U5t9NYzhLW
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    This document summarizes the costs and time estimates for plugging and abandoning an offshore oil well. It includes estimates for rig rates, non-rig costs, well plugging equipment costs, and assumptions used to calculate the estimates. The total estimated rig rate cost is $35.45 million and the total non-rig spread rate cost is $19.17 million. Additional costs include $60,000 for skips, waste disposal, and inhibition chemicals and $60,000 for rig blowout preventer spares. Five key assumptions are listed, including the use of North Sea rig rate estimates and including costs for support vessels, project managers, and a 15% contingency on time estimates. No data is provided in tables on offset

    Original Description:

    Cost estiamtion

    Original Title

    KITE 2

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    This document summarizes the costs and time estimates for plugging and abandoning an offshore oil well. It includes estimates for rig rates, non-rig costs, well plugging equipment costs, and assumptions used to calculate the estimates. The total estimated rig rate cost is $35.45 million and the total non-rig spread rate cost is $19.17 million. Additional costs include $60,000 for skips, waste disposal, and inhibition chemicals and $60,000 for rig blowout preventer spares. Five key assumptions are listed, including the use of North Sea rig rate estimates and including costs for support vessels, project managers, and a 15% contingency on time estimates. No data is provided in tables on offset

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    18 views2 pages

    Kite 2

    Uploaded by

    Anonymous U5t9NYzhLW
    This document summarizes the costs and time estimates for plugging and abandoning an offshore oil well. It includes estimates for rig rates, non-rig costs, well plugging equipment costs, and assumptions used to calculate the estimates. The total estimated rig rate cost is $35.45 million and the total non-rig spread rate cost is $19.17 million. Additional costs include $60,000 for skips, waste disposal, and inhibition chemicals and $60,000 for rig blowout preventer spares. Five key assumptions are listed, including the use of North Sea rig rate estimates and including costs for support vessels, project managers, and a 15% contingency on time estimates. No data is provided in tables on offset

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    KITE

    http://weiidev.kitedb.co.uk/start.aspx?theAppID=WEIIDEV

    Concept Summaries

    1 of 2

    Activity

    Phase`

    Depth

    ML Days

    Days

    Order

    Phase 1 - Completion Recovery & Plug & Abandon Reservoir

    0.00

    5.73

    5.73

    Phase 2 - Cut and Recover Casing & Wellhead

    0.00

    3.40

    9.13

    Well Tangibles

    Well Tangible

    Cost

    9-5/8" Bridge Plugs x 2

    24000.00

    13-3/8" Bridge Plug x 2

    20000.00

    Summary Costs

    Summary Cost

    Cost

    Rig rate

    3545000.00

    Non Rig Spread Rate

    1917300.00

    Skips, Waste Disposal & Inhibition Chemicals

    60000.00

    Rig BOP Spares

    60000.00

    Assumptions

    No

    Assumptions

    Rig Rates are based on North Sea (Mid Range Capabilities)

    Operations Team only accounts for DSV, NDSV, Project Manager, Drilling Superintendent, DE, Logistics

    Applies a general 15% contingency to the Most Likely Times

    2 Boats and Fuel are accounted and Helicopter Operations

    A Lumpsum for skips and Inhibited Chemicals ~USD 60,000 is added

    BOP spares are accounted due to cutting of casing and more likelihood of metal swarf USD ~60,000

    Summary of Selected Offset Well NPT

    Phase

    Code

    Offset Well Ref

    NPT Hrs

    NPT Cause

    Description

    No data available in table

    Identified Hazards

    Code

    Hazard Description

    No data available in table

    16/09/2016 16:14

    KITE

    http://weiidev.kitedb.co.uk/start.aspx?theAppID=WEIIDEV

    2 of 2

    16/09/2016 16:14

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