Zion Oil & Gas Inc (ZNOG)

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4 days ROUNDTRIP-not 1 way geo- to bottom of hole plus idle 12 hrs /day really doesnt leave a lot of time for the actual project as you say,plus the packers which last only 5 days at the bottom are costing time and money also

wonder whether the contract w the kibbutz restricts nighttime working?
arent there ways to light that would highly mitigate any safety risk? of course such lighting cost money also






Price Analysis
Over the past few years, the prices for packers and plugs have shown a downward trend due to relatively small demand, high competition and a decline in commodity prices, such as steel and rubber.

The prices for packers are driven by their application and/or a unique design that is applicable to a particular field. Temporary/retrievable packers cost more than permanent packers due to the complexity of the design. Prices for packers range from US$6,000 to US$300,000 each, depending on their application, i.e. HP/HT, H2S content, chemicals resistance. Plugs range in prices from US$2,000 to US$50,000. Packers made of special alloys (inconel, monnel, etc.) can cost up to US$300,000 and require a lead time of up to one year to be delivered.


Cost Analysis
Packers are made of steel and elastomers/fluoroelastomers (high-quality synthetic rubber), with the rubber representing around 50% of the cost of the packer. The steel and rubber grades used during manufacturing are dependent on the application requirements and are driven by the hostility of the environment, i.e. HP/HT and H2S content. The metals used are low-alloy steels, high nickel alloys, chromium grade alloys, PH stainless steels, and cast iron. Up to 10 components may be included when manufacturing elastomers, with the major component being polymer as an alternative to natural rubber.

Most plugs are made of composite materials, cast iron, brass, aluminium and rubber. Hence, these products are highly driven by commodities prices.