Author: bomuo

Normally oil with no volatile components, often found in geological exposures. Oil at a sufficiently low pressure that it contains no dissolved gas or a relatively thick oil or residue that has lost its volatile components. >

Many services in the oil and gas industry are quoted on a daily rate, such as rigs. The day rate usually includes the rental of the rig, the personnel on board and basic supplies, but does not include such items as mob/demob, capital goods such as casings or special services such as logging and cementing. Thus the day rate of the rig is approximately half of the total cost of drilling a well

Number of days that have elapsed since the drilling of a well first started