Spud
Drilling
The moment the drill bit first contacts the seafloor or formation — the official start of drilling a well. 'Spud date' is one of the most-watched milestones in any AFE, and the point from which day rate costs really start accumulating.
Drilling
The moment the drill bit first contacts the seafloor or formation — the official start of drilling a well. 'Spud date' is one of the most-watched milestones in any AFE, and the point from which day rate costs really start accumulating.