Well Drilling Costs Analysis Quiz

In this MCQ test of Well Drilling Costs Analysis, you will Learn about following topics of Drilling Engineering.

  • Authorization for Expenditure
  • Drilling Cost Estimation
  • Well Drilling Time Estimation
  • Future Value Estimation
  • Price Elasticity

Let’s start MCQ Test of Well Drilling Costs Analysis Questions with answers.

1. Drilling costs can represent _______ of the exploration costs.
2. The document that is used to request money from partners to drill a certain well is called.
3. What is the relation between well costs and well depth?
4. Which of the following factors has less effect on drilling costs?
5. Which of the following factors has a high effect on the drilling cost?
6. Which of the following factors can more independently affect drilling costs?
7. Which of the following factors controls the drilling rig type?
8. Which of the following factors controls the drilling rig capacity?
9.Drilling the cement at the casing shoe is considered as part of
10. Cost of running survey tool for well inclination is considered as part of
11. Fishing of a cone of tri-cone bit out of the hole is considered as part of
12. Which of the following factors depend on bit selection?
13. Which of the following factors depends on the well depth?
14. Running casing string depends mainly on
15. Proper well cost estimation depends mainly on proper estimation of
16. Which of the following factors controls the drilling time estimations?
17. Which of the following factors has no control on the trip time estimation?
18. Number of drill bits to be used depends mainly on
19. Among the below factors, which is considered as a less important factor in well cost estimations?
20. Future value estimation of the money is an expression of
21. Which of the following factors is controlling the future value estimations of money?
22. The number of drilling rigs responds strongly to the oil prices when price elasticity
23. The number of drilling rigs does not respond strongly to the oil prices when price elasticity
24. The number of drilling rigs does not respond to the oil prices when price elasticity
Well Drilling Costs Analysis MCQ Quiz
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