How much does it cost to drill an oil well?
by 
The Curious Bag
ANSWERS: 1
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Costs vary according to the local climate and location. In 2009, it typically costs approximately $400,000 to drill a land-based oil well; offshore ocean wells can cost up to $4.5 million. Experimental technologies, such as laser drilling, may bring this cost down in the future.
Source:
Resource:
SJGS.com: History of the Oil Industry
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