Home / 2008 (page 15)


Personnel is acute global challenge

Critical D&C issues with Dennis Smith, Nabors Dennis Smith is director of corporate development for Nabors Industries. DC: With E&P activity at one of its highest levels worldwide, what do you consider to be the greatest obstacle that drilling contractors and other companies are facing? Smith: I think the greatest obstacle continues to be people. I think it always has been and always will be the biggest obstacle. Whether you are talking about building rigs – skilled welders, electricians and pipe fitters – or whether you are talking about operations – roughnecks, drillers, rig managers – the higher the skill set required, the tougher it is to attract and retain good people. Even with the North American land markets flattening ...

Read More »

Raising recovery rate is industry imperative

Critical D&C issues with Vik Rao, Halliburton Vik Rao is senior vice president of technology for Halliburton. DC: What do you see as the most critical issue facing the drilling and completion industry today? Rao: I would say the biggest issue is simply meeting demand. Inability to meet demand is why prices are so high right now. Yes, there are other contributing factors from the downstream side, from speculation, from geopolitical instability, etc. But even accounting for those factors, the price is still high. For the first time in my 30-odd years in the industry, we are seriously talking about plateauing production, which was introduced by TOTAL CEO Christophe De Margerie. He basically said world production would plateau at 100 ...

Read More »

Safety focus is key amid personnel shortage

Critical D&C issues with Zuhair Al Hussain, Saudi Aramco Zuhair Al Hussain is general manager, drilling & workover for Saudi Aramco. DC: From your perspective at Saudi Aramco, what do you see as the most critical issue facing the drilling & completion industry today? Al Hussain: The most critical issue is safety. Shortage in manpower, coupled with a young and less experienced workforce is making the work environment fertile for accidents. We should put more focus and emphasis on safety training to instill safety behavior and build a safety culture. Another critical issue is downtime due to human error, equipment failure, borehole stability, fishing, side-tracking, etc. Downtime can be reduced by better tool design and training. A third critical issue ...

Read More »

High activities bring complex challenges

Critical D&C issues with Rodney Eads, Pride International RODNEY EADS IS executive vice president and chief operating officer of Pride International. Mr Eads serves as chairman of the 2008 IADC/SPE Drilling Conference, 4-6 March in Orlando, Fla. DC: From your perspective at Pride International, what do you see as the most critical issue facing the drilling & completion industry today? What can we do about it? EADS: Providing competent engineering and operating personnel is the most critical issue. Attracting and retaining the thousands of new personnel needed for the increased activity is a huge challenge, but just having the people is not the main concern. We must ensure that no priority is higher than the safety of our workforce and ...

Read More »

Experts discuss industry’s most pressing issues

By Linda Hsieh, assistant managing editor The world is addicted to oil. That’s not meant to be negative, but it’s true. The world relies on hydrocarbons to go places and to get things done. Without oil or natural gas, there would be a Great Depression even more depressing than what we saw in the 1920s-30s. That’s why what we do in the drilling industry is so vital — and why we must tackle the critical problems we’re facing head-on. There is no backing down from the challenges of deepwater. We can’t shy away from the complexities of unconventionals. And the people problem? We have to fix it fast. In the following pages, you’ll find Q&A’s with top industry experts who ...

Read More »

Drilling Ahead

Attitudes of DC readers toward anticipated oil prices have turned upside down in just six short months. A survey conducted on 1 April of subscribers to eNews from DrillingContractor.org, DC’s electronic newsletter, found that two-thirds of our discerning readers (66.2%) believed oil prices would exceed $100/bbl by 1 April 2009...

Read More »