PAYBACK TIME CALCULATOR ON INVESTMENT IN TYPHOON V3

EDIT ORANGE CELLS

Rig Operating Costs

Value

Unit

Rig Day Rate
USD
Rig Rate/Hour
3,750
USD
Wells/Year
#
Days/Well
46
Days


Time saved on BHA cleaning/wiping

Value

Unit

# BHAs/Well
#
Time saved cleaning BHA (minutes)
Minutes
Hours saved/Well
2
Hours
Indicative cost saving over 8 wells
60,000
USD


Time saved on casing/tubing pull

Value

Unit

# Casing/Screens/Tubing Pulls/Year
#
Time saved per pull (hours)
Hours
Hours saved/Year
6
Hours
Indicative cost saving over 8 wells
22,500
USD


Time saved installing & removing wiper rubber on every POOH

Value

Unit

# of POOH/Well (Riser connected)
#
Time saved per trip (minutes)
Minutes
Hours saved/Well
1.5
Hours
Indicative cost saving over 8 wells
45,000
USD


TOTALS

Value

Unit

Cost Savings Total/Year
127,500
USD
Cost Savings Total/Day
349
USD


Purchase price TYPHOON v.3
66,063
USD
OPEX on rubbers
12,800
USD
1 year on CAPEX - OPEX
78,863
USD


Payback time days (Annualized)
226
Days
Hours reduction in exposure to RedZone/Year
34
Hours


Assumptions

All servicing of TYPHOON v.3 is offline activity done at EOW.
Washing casing/tubing/screens/BHA manually.
BHA cleaning - Full compliance with RedZone - all equipment stopped while peronnel in RedZone.
Time saved on trip - Time element of installing wiper rubber/cleaning RT and stump.