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The Borehole Costing Model

5 bytes added, 02:24, 14 March 2013

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Once set up the model can quickly calculate the actual cost of a borehole (not the price). The first time the model is used it requires the unit costs to be entered for different materials and rigs.

'''The model consists of three components''': model unit costs, borehole specifications and results. <br>It considers costs that are incurred in six steps of a drilling process (Fonseca et.al, 2011):

1) Baseline costs <br>

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