ABSTRACT
The study aimed to assess the financial impact of drilling oil wells operations to achieve sustainable development goals, by rationalizing drilling expenses and costs, because the drilling stage is one of the largest stages in terms of high costs in the petroleum industry The study also clarified the implementation of this by optimizing the selection of drilling tools and methods, which leads to the rationalization of costs and the sustainability of drilling operations to increase production. The study dealt with the importance of evaluating the financial and environmental impact of drilling oil wells and its reflection on achieving sustainable development goals. The field study was applied to a number of Agiba Petroleum Company fields inside the Arab Republic of Egypt, and the study concluded that the evaluation of the financial and environmental impact of drilling oil wells achieves sustainable development goals. By rationalizing drilling expenses, reducing pollution and preventing the risks of this stage by following the procedures and rules of occupational safety and environmental protection The researcher recommends the need to develop plans and work programs to ensure the achievement of sound financial practices with the aim of rationalizing costs and environmentally sustainable practices during oil well drilling operations. It aims to use clean and renewable energy to operate oil well drilling devices and equipment.
Keywords: financial impact, environmental impact, oil well drilling operations, sustainable development