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Unformatted text preview: UF-ESI-6321UF-ESI-6321-12-02-04.xmcdpage 1 of 312.2.4Oil Well Drilling CostsEstimating the costs of drilling oil wells is an important consideration for the oil industry. DS 12.2.1contains the total costs and the depths of 16 offshore oil wells located in the Philippines (takenfrom &quot;Identifying the major determinants of exploration drilling costs: A first approximation usingthe Philippine case&quot; by Gary S. Makasiar, Energy Exploration and Exploitation, 1985).dollaramp:=for unit handlingx5000520060006538710975568005820782108600902691979926108131380014311ft:=y2596.800048828123328.000000000003181.100097656253198.399902343754779.899902343755905.600097656255769.200195312508089.500000000004813.100097656255618.700195312507736.000000000006788.299804687507840.799804687508882.5000000000010489.5000000000012506.59960937500...
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This note was uploaded on 05/12/2010 for the course ESI 6321 taught by Professor Josephgeunes during the Spring '07 term at University of Florida.
- Spring '07