IADC/SPE Asia Pacific Drilling Technology Conference 2021
DOI: 10.2118/200988-ms
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Low Well Cost: Effective Cost Optimisation for Marginal Green Field Development Using Fit-for-Purpose Well Design

Abstract: During the low oil price era, the ability to deliver a small business investment yet high monetary gains was the epitome of success. A marginal field with its recent success of appraisal drilling which tested 3000bopd will add monetary value if it is commercialized as early as possible. However, given its marginal Stock Tank Oil Initially in Place (STOIIP), the plan to develop this field become a real challenge to the team to find a fit-for-purpose investment to maximize the project value. Luxuries such as san… Show more

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