Highlandsbull, that's just the lease for the rig. How much for fuel and operating costs of that rig ? If you use an arbitrary $20 per barrel cash flow, it would take 15,000 barrels per day to cover $300,000 per day for the rig. How much do you figure for the platform, storage, off take and support vehicles ? In the event that they were able to borrow $700 Million for start up, I believe the payment schedule could be around $50 Million per quarter. Food for thought :)
Love how positive feed back is given with a negative twist I did read the post wrong this morning and you are correct the cost may well be 250k a day But that just endorses my initial question why dose the oil companies not purchase more rigs or buy into companies that do if a JCB was around 25k and you have 400k off round works cost would you hire the plant or delay a project because the kits not available for my months ?
Why don't you check your facts before posting. A ballpark price for a n/b j/u rig is in the region of US$250m, depending on spec. Dayrates are in the range of $215-250k. Check Hercules, Prospector, etc.
We need to get some benefit from this interminable wait, mixed bag, rig rates may be heading down but so is the oil price. By the way SK seems to have been very quiet the past few months, about time the P&J paid him another visit for an interview, re-excite us as he did what, two years ago..
Ps I understand we can't afford to purchase one with finance available it's a general question broad brushed to the whole industry as most of my oilers seam dependant on rig availability or viability of cost due to this figures as lay mans view it seems counter productive to the industry on a whole
Daft question but if a modern rig cost £600 to £700 mill and your spend is £3900 mill if that cost. We're on a site of mine and iits plant hire cost I would purchase the kit and then sell on why pay 600k a day sure someone will explain the reasons
The global offshore oil rig market's downturn could last into 2016, longer than seen a few months ago as a fall in oil prices exacerbates the dip, the chief executive of Maersk Drilling said . Rig rates have fallen sharply over the past year as energy firms cut exploration spending.......
Serves them right . We can't be taken over for less than what we are holding out for as we have a poison pill in place still . Soon , they or the Chinese , or BP will have to make us a decent offer , as the longer they take , the more the share holders will want for waiting and as we get closer to production , the less likely shareholders are going to even to want to take an offer .
Statoil reported its first quarterly loss since listing in 2001 after writing down the value of an oil-sands project in Canada Statoil’s net loss was $727 million ,,, The impairments in the quarter came after the postponement of the Corner project in Alberta amid mounting costs and after exploration failures in the Gulf of Mexico and Angola.
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