The drilling contract--a reflection of market conditions
Conference
·
· Soc. Pet. Eng. AIME, Pap.; (United States)
OSTI ID:5631922
The drilling contract will accurately reflect current market conditions but often at the expense of improperly matching the operator's objectives and the contractors incentives. During a period of rig oversupply, both operators and contractors must avoid using an inappropriate type of contract which may result in loss of drilling efficiency and financial inequities. This paper discusses the factors that should determine whether a well is drilled on daywork, footage or turnkey.
- Research Organization:
- FWA Drilling Co., Inc.
- OSTI ID:
- 5631922
- Report Number(s):
- CONF-830203-
- Conference Information:
- Journal Name: Soc. Pet. Eng. AIME, Pap.; (United States) Journal Volume: IADC/SPE 11423
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
02 PETROLEUM
020300* -- Petroleum-- Drilling & Production
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030300 -- Natural Gas-- Drilling
Production
& Processing
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
CONFLICTS OF INTEREST
CONTRACT MANAGEMENT
CONTRACTORS
CONTRACTS
DRILLING
DRILLING EQUIPMENT
EFFICIENCY
EQUIPMENT
FINANCIAL INCENTIVES
MANAGEMENT
NATURAL GAS WELLS
OIL WELLS
PERSONNEL
PROGRAM MANAGEMENT
WELL DRILLING
WELLS
020300* -- Petroleum-- Drilling & Production
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030300 -- Natural Gas-- Drilling
Production
& Processing
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
CONFLICTS OF INTEREST
CONTRACT MANAGEMENT
CONTRACTORS
CONTRACTS
DRILLING
DRILLING EQUIPMENT
EFFICIENCY
EQUIPMENT
FINANCIAL INCENTIVES
MANAGEMENT
NATURAL GAS WELLS
OIL WELLS
PERSONNEL
PROGRAM MANAGEMENT
WELL DRILLING
WELLS