The percentage of service company fee among total exploration fee?

[work2love]

Hello.
I want to know 'among total exploration fee, how many percentages of service company fee are'.

I know there are lots of services during exloration and drilling.

I want to know the percentage of them and how the percentages have been changed for 10 years.

Of course, this is too tough to know so I just need rough numbers. Anybody please help me. This is my mission in my company.

Thanks all.

 

[waross]

Have you considered talking nicely to someone in the accounting department?
If you access past project records of your company you will be able to find and deliver much more accurate and authoritative information than you can get by asking strangers on the internet.

Bill
--------------------
"Why not the best?"
Jimmy Carter

 

[work2love]

Yes, I've alredy tried but my company is a kind of small company so people in the accounting department don't know well.

Actually my company's main cashcow is building ships.

Have you ever heard Daewoo?

As a E&P business company, we are just beginners.

 

[MickeySlice]

Most of the total amount of the AFE goes to the contractors (rig, materials, equipments, etc) and a smaller amount goes to the service companies (logging, mud, cementing, catering, etc). It might be 70% for contractors and 30% for services....but it varies so much from operation to operation that is hard to give even rough numbers.

 

[jjwamp]

Worktolove,

1) You need to get your service companies involved. Large service company expeditures (with suggested multinational companies) will be:

Wireline (Schlumberger, Halliburton, Western Atlas)
Cementing (Schlumberger, Halliburton, BJ)
Mud (MI - Schlumberger, Baroid - Halliburton, Baker)
MWD/Directional (Anadril - Schlumberger, Sperry - Halliburton, Inteq - Baker)

2) then you have tier 2 service companies (tier 2 meaning less expensive services that you will need)

Casing Running (Weatherford, Franks)
Inspection (Tuboscope or Smith-Drilco)
Welding (Local welders)

3) Then you have specialty tools equipment that usually comes with service hands

Wellheads, Casing Hangers, various pakers etc (Vetco, Baker, Weatherford)

Anyway this is not an exhaustive list. Depending on what kind of well, country, or land/water/deepwater the % could change dramatically so there is no point guessing. From the above list I would contact Schlumberger, Halliburton, and Baker and between the three they could answer 90+% of the services you need and at least give you a guesstimate for AFE purposes. More importantly though is to get some drilling people into your organization if you guys get serious about this.

Cheers,