RE: Good evening….16 May 2025 20:17
Stockmad, you should be locked up for spreading FUD.
Below is a very reasonable estimate of H1 costs and work required which i initially posted on 30th March, the fact you do not understand what is required is not my problem.
Will give you a hint.
Find the well depth and divide it by the length of a piece of tubing (10m+, ref API range 1, 2 or 3 tubing), that tells you how many tubing joints are in the hole and will need pulled, in this case its around 250-270 joints, now you need to know how many joints the rig can handle per hour while tripping out and running into the hole, from that you get a basic work time for fitting the sand screen, there will be a visual inspection of the tubing connections between trip out and trip in, we want pressure tight string (right ?), my estimate for trip out/trip in is 96 hours max (rig handling 6 joints per hour), add wellhead related tie in taking 24 hours max, pressure test and sundries, we will be done and dusted in 5 or 6 days absolute maximum, so rig hire (including crew) 8 days inc setup etc@ less than $20k per day (quite possibly a lot less), cost of screen plus associated tools less than $100k (probably a Chinese screen not a Weatherford screen).
Rough guess at total costs = Rig 160k absolute max plus screen and associated tools 100k, quarter million in total, lets say 300k to be safe.
They will take several days maybe even a week or two to increase production in stages while monitoring for sand, i would estimate an RNS around 2 to 3 weeks after starting telling us that production has increased to xxx bopd, but knowing MB he may take his time with that RNS. (Could be the sand screen is already fitted and we are in the monitoring stage).
I believe the above to be a reasonable "estimate" of time and costs.
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