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Mathcad - UF-ESI-6321-12-02-04

Mathcad - UF-ESI-6321-12-02-04 - UF-ESI-6321 UF-ESI-04.xmcd...

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UF-ESI-6321 UF-ESI-6321-12-02-04.xmcd page 1 of 3 12.2.4 Oil Well Drilling Costs Estimating the costs of drilling oil wells is an important consideration for the oil industry. DS 12.2.1 contains the total costs and the depths of 16 offshore oil wells located in the Philippines (taken from "Identifying the major determinants of exploration drilling costs: A first approximation using the Philippine case" by Gary S. Makasiar, Energy Exploration and Exploitation , 1985). dollar amp := for unit handling x 5000 5200 6000 6538 7109 7556 8005 8207 8210 8600 9026 9197 9926 10813 13800 14311 ft := y 2596.80004882812 3328.00000000000 3181.10009765625 3198.39990234375 4779.89990234375 5905.60009765625 5769.20019531250 8089.50000000000 4813.10009765625 5618.70019531250 7736.00000000000 6788.29980468750 7840.79980468750 8882.50000000000 10489.50000000000 12506.59960937500 1000 dollar := n 16 := i 1 n .. := i x i 137498.000 ft = i y i 101523999.756 dollar = i x i ( ) 2 1287960086.000 ft 2 = i y i ( ) 2
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