05.07.2009
The cost of re-drilling a plugged well that was potentially abandoned because it was a marginal well could be as much as or even more than drilling a new well
Occasionally, a hole is lost or junked and a second hole may be drilled from the surface in close proximity to the first. Footage drilled for the second hole is defined as “redrill footage.” Under these circumstances, the first hole is reported as a dry hole (exploratory or developmental) and the total footage is reported as dry hole footage. The second hole is reported as an oil well, gas well, or dry hole according to the result. The redrill footage is included in the appropriate classification of total footage, but is not reported as a separate classification
In the framework of the peace treaty between Israel Jordan the integrated development Master Plan for the Jordan Rift Valley, the Red Sea – Dead Sea was considered to be one of the most important potential elements for implementing this Master Plan. The principal development objective of the RSDSC was to provide desalinated drinking water for the people of the area. In addition, as a result of the 1973 energy crisis and the search for alternative energy sources the idea evolved to study this project also for the generation of electricity with the goal to produce 800 MW during peak hours. Currently, the main task of the project is a partial solution for the water deficit existing and predicted for the region because as a result of the regional irrigation projects most of the running water in the DS drainage basin is used and the water balance of the lake is negative.
Quantity of petroleum that can be produced in relation to the total amount in place. The percentage of oil or gas in place in a reservoir that ultimately can be withdrawn by primary and/or secondary techniques