Idle Drilling Equipment
Definition
Applications recommended 3 months prior to commencement; daily reporting and monitoring required post-approval add administrative burden.
Key Findings
- Financial Impact: AUD 50,000-200,000 per day in idle equipment costs during approval waits
- Frequency: Per well drilling application
- Root Cause: Sequential review processes for environmental, land access, and technical approvals
Why This Matters
The Pitch: Oil extraction companies in Australia 🇦🇺 lose AUD 50,000-200,000 daily from idle rigs waiting on drilling permit approvals. Automation accelerates submissions to reduce downtime.
Affected Stakeholders
Drilling Supervisors, Asset Managers, CFOs
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Work Program Non-Compliance
Permit Application Delays
Environmental Non-Compliance Fines
EIA Preparation Cost Overruns
Project Delay from EIA Approvals
Cost Overruns in Equipment Procurement
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