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Drilling Rig Allocation and Contract Renewals

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    Drilling Rig Allocation and Contract Renewals

    Dear Friends:

    I am trying to solve a problem in the attached spreadsheet. I have to allocate a Drilling ring in a specified year with a certain starting day rate. Every 4 years (period specified by the user), the contract will be renewed at a new day rate (the rate will be specified). Could you please help me automate these calculations? I have 25 years and up to 10 rigs will be introduced at different times. I used the MOD function but it is not giving me correct answer.

    I have made it to work but it is not flexible, i.e. as soon as I change any of the values in Cell C1, C2 OR C3 my results are messed up.

    Your prompt response will be very highly appreciated.

    Thanks and regards,
    Attached Files Attached Files
    Last edited by asifmian55; 03-26-2017 at 02:23 PM. Reason: Revised Spreadsheet Attached

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