Oil Well Drilling Costs

Estimating the costs of drilling oil wells is an important

consideration for the oil industry. DS $12\mathrm{.}2\mathrm{.}1$ contains the

total costs and the depths of $16$ offshore oil wells located

in the Philippines $($taken from $$Identifying the major

determinants of exploration drilling costs: A first

approximation using the Philippine case$$ by Gary S$.$

Makasiar, Energy Exploration and Exploitation, $1985).$