Drilling Contracts - Some Options
- Conference
- New Zealand Geothermal Workshop
- Year
- 1998
- Session
- Drilling and Completion
- Language
- English
Full text
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Abstract
Geothermal drilling in New Zealand has generally been done on a day rate basis but, since 1996,has been done on a meterage or basis. This is possible where there is knowledge about the expected conditions for the contractor and operator to agree to a mutually acceptable contract. If not, then a target contract, based day rate contract, can be an appropriate option. Comments on contract options are provided. The ultimate no-risk contract option for an operator is a ëno-steam, norewardí contract. A case study is provided.
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