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Keywords: initial investment
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Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the Offshore South East Asia Show, February 9–12, 1982
Paper Number: SPE-10479-MS
... from a drilling rig involving an initial investment of $60 million. From the daily revenue there is deducted operating expenses, depreciation and overhead totalling $22,400. This results in a profit before tax of $37,600 per day. With an arbitrary tax rate of 25% applied, the earnings after taxes...
