This paper documents an initial attempt to develop a formula for approximating the cost of drilling oil and geothermal wells using parameters suspected to affect the drilling cost. It also measures and determines the extent of variation of drilling cost given a change in the parameters considered.
The Philippine Journal of Development (PJD) is a multidisciplinary, peer-reviewed journal published biannually by the Philippine Institute for Development Studies (PIDS). It serves as a platform for disseminating policy-oriented research on development issues, including the economy, business, public administration, foreign relations, sociology, and political dynamics.
P-ISSN 2508-0954 • E-ISSN 2508-0849 • https://doi.org/10.62986/pjd