Seismic Exploration Lab
Initial Procedure
1. Measure and mark each centimeter on the chop stick
2. Attach the drill bit (toothpick)
3. Select the location for the first drill site and drill straight down. Make sure to note the depth of the drilling bit (cm).
4. Record the cost associated with the first site and the depth you drilled
5. If there was no oil, select another site and repeat the process (make sure to record all costs).
6. After oil is discovered, inform the site foreman (teacher), select a reservoir and recovery rate card and calculate the total money spent and generated by this site.
Purpose:
So far, we have explored ways to find oil . Now , they will have the chance to extract that oil and learn about the business of fossil fuel energy.
Item
Drill Rig Set up $225,000 each time: 450,000
Drilling Cost $100,000 per cm: 1.5 million
Drill Bit Replacement $500,000: noneEPA Infractions $500,000: none
Total Operation Costs:
1,950,000
Profits
Reservoir Size: 16
Recovery Rate: .4
Amount of Oil in Reservoir: 3km/3
Amount of Oil recovered in Reservoir: 1.2
Barrels of Oil recovered from Reservoir: 7548
Money from sale of Oil: 707700.48
Initial Procedure
1. Measure and mark each centimeter on the chop stick
2. Attach the drill bit (toothpick)
3. Select the location for the first drill site and drill straight down. Make sure to note the depth of the drilling bit (cm).
4. Record the cost associated with the first site and the depth you drilled
5. If there was no oil, select another site and repeat the process (make sure to record all costs).
6. After oil is discovered, inform the site foreman (teacher), select a reservoir and recovery rate card and calculate the total money spent and generated by this site.
Purpose:
So far, we have explored ways to find oil . Now , they will have the chance to extract that oil and learn about the business of fossil fuel energy.
Item
Drill Rig Set up $225,000 each time: 450,000
Drilling Cost $100,000 per cm: 1.5 million
Drill Bit Replacement $500,000: noneEPA Infractions $500,000: none
Total Operation Costs:
1,950,000
Profits
Reservoir Size: 16
Recovery Rate: .4
Amount of Oil in Reservoir: 3km/3
Amount of Oil recovered in Reservoir: 1.2
Barrels of Oil recovered from Reservoir: 7548
Money from sale of Oil: 707700.48