🇦🇺Australia

Idle Rig Capacity Losses

2 verified sources

Definition

Delays from mobilization, tripping, and low ROP lead to excess days at fixed daily rates, with Australia facing higher material/logistics costs.

Key Findings

  • Financial Impact: AUD 500K mobilization + AUD 13,000/day x excess days (e.g., 45 days @ AUD 499K drilling contract)
  • Frequency: Every drilling phase
  • Root Cause: Manual logging of on-bottom vs. idle hours

Why This Matters

The Pitch: Geothermal firms in Australia 🇦🇺 lose AUD 500K+ per well on idle rigs. Automation of cost tracking identifies bottlenecks for faster drilling.

Affected Stakeholders

Drilling Engineer, Rig Supervisor

Deep Analysis (Premium)

Financial Impact

Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.

Unlock to reveal

Current Workarounds

Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.

Unlock to reveal

Get Solutions for This Problem

Full report with actionable solutions

$99$39
  • Solutions for this specific pain
  • Solutions for all 15 industry pains
  • Where to find first clients
  • Pricing & launch costs
Get Solutions Report

Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Well Drilling Cost Overruns

AUD 2.3M - 3.3M per well (depth 3000-4500m); daily rig AUD 13,000+ (45+ days); 18-24% increase per extra casing

Brine Reinjection Clogging Costs

AUD 50,000-200,000/year per project in cleaning, filtration maintenance, and lost capacity (based on 7 projects avoiding severe issues via 25-100 micron filters at 2-10 bar pressures)

Reinjection-Induced Capacity Decline

10-30% reduction in injection rates leading to AUD 500,000+ annual revenue loss per MW capacity from downtime and suboptimal flows

Environmental Non-Reinjection Fines

AUD 50,000-500,000 per violation (EPA fines for wastewater mismanagement) + remediation costs

Capacity Factor Reporting Losses

AUD30-65/MWh lost revenue from unclaimed LGCs; potential 2-5% annual revenue leakage for eligible plants

AEMO Reporting Non-Compliance Fines

AUD5,000-50,000 per reporting breach; plus lost dispatch revenue from capacity under-reporting

Request Deep Analysis

🇦🇺 Be first to access this market's intelligence