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Kite 2

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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36 views2 pages

Kite 2

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

Uploaded by

Anonymous U5t9NYzhLW
Copyright
© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
Download as pdf or txt
Download as pdf or txt
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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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