The contract is for well plugging services, specifically for the BLM Petrocarbon Taylor Govt. P-4 well. The contractor will be responsible for drilling out and re-plugging the well according to BLM Onshore Order #2 and the provided Statement of Work. The estimated cost for plugging per well is $132,050.00. The contract also includes equipment hourly rates and third-party services.
• The contract was awarded to Continental Industries Field Services.
• The contractor's equipment availability date is April 1, 2020.
• The contract includes a 20% re-bill charge for third-party services.
• The equipment mobilization and demobilization rates are provided in an attached rate sheet.