Exploration drilling productivity at the
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Petter Osmundsen; Kristin Helen Roll; Ragnar TveterΓ₯s
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Article
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2010
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Elsevier Science
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English
β 554 KB
Recently, we have seen falling oil prices combined with sticky costs at a high level in the petroleum industry. This causes project postponements, thus challenging reserve replacement of oil companies and security of supply for consumers. Costs are particularly high for drilling. High rig rates are