Global deep well drilling activity increases 10%

Journal Article · Fri Jul 01 04:00:00 EDT 1994 · Petroleum Engineer International; (United States)

OSTI ID:6933976

Ryan, J

Worldwide deep drilling activity during 1993 increased 10% from 406 wells in 1992. Cumulatively, operators spent $3.4 billion to drill 7.7 million ft of hole on the 453 wells drilled deeper than 15,000 ft in 1993. Last year's 16,960-ft global deep well average depth is fairly constant with 1992's 16,863-ft average depth. Bit usage also remained steady, rising from 23 bits per well in 1992 to 24 bits per well last year. Operators spent about $339,000 more per well in 1993 than the previous year. Globally, 185 wells were drilled deeper than 15,000 ft offshore, 268 were drilled onshore. Worldwide offshore drilling average 17,027-ft, 19 bits and 897 tons of tubulars each, and cost operators about $9.945 million per well. Worldwide onshore deep wells averaged a 16,913-ft TD, 32 bits and 527 tons of tubulars, and cost operators about $5.730 million each. This report combines PEI's annual US Deep Well and the International Deep Well Reports for a comprehensive look at deep drilling statistics worldwide.

• OSTI ID: 6933976
• Journal Information: Petroleum Engineer International; (United States), Journal Name: Petroleum Engineer International; (United States) Vol. 66:7; ISSN 0164-8322; ISSN PEEID4
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300* -- Petroleum-- Drilling & Production
03 NATURAL GAS
030300 -- Natural Gas-- Drilling
Production
& Processing
COMPILED DATA
COST
DATA
DRILLING
INDUSTRY
INFORMATION
NATURAL GAS INDUSTRY
NATURAL GAS WELLS
NUMERICAL DATA
OIL WELLS
PETROLEUM INDUSTRY
WELL DRILLING
WELLS