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What is Geothermal Drilling Services Contracts about?

This document discusses different types of contracts used in geothermal well drilling projects. It describes unit time rate contracts, unit meter rate contracts, and turnkey contracts. Unit time rate contracts involve the owner renting drilling equipment and personnel at a daily rate, taking on full responsibility and risk. Turnkey contracts give full responsibility and control to the contractor to drill the well for a fixed price, transferring more risk to the contractor. The document compares the costs an

Author

Adil Aytekin

Language

EN