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But that’s on offshore fields with guaranteed/known yields.
Cuadrilla says it doesn’t know what the flow rate is going to be in Lancashire. I’m sure they have an idea but this is still exploratory. They’ll have to go back for a full commercial licence.
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There's still lots of dusters in offshore exploration and failures or long delays for planned production wells.
Then once you've got a viable well drilled, you need a production Tree on top of it and then carry out a set of flow tests.. If the flow tests are good, tie the Tree into a manifold and risers to an FPSO. Or link it to a pipeline back to shore.
The costs are bonkers and a only make sense if the oil/gas price is high enough to cover the actual flow rate to surface (not the paper project expected flow rate)
user69121
80,000 a day is relatively cheap compared to offshore rates.
Price up a rig, third party crew, support vessel etc....
Gets very expensive over the winter season. A few years ago, we had two days drilling, out of a 21 day shift due to weather being out of limits.