The cost drilling oil well now costs as much as $120 million, according to the chairman, Green Energy International Limited, Prof. Anthony Adegbulugbe. He dropped the hint at the official project sign ...

Similar to contract drilling, pricing for pressure pumping largely depends on the supply-demand balance, with service firms generally commanding pricing power around 80% utilization. Patterson’s ...

Competition among drilling and fracking providers is fierce, and downward pricing pressure consistently challenges cost-management strategies. If E&Ps are unwilling to invest in drilling and fracking ...

Engineering downtime analysis of all exploration wells drilled off Ireland produced recommendations to improve drilling performance off Ireland. Drilling time-depth curves for different sectors can be ...