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January/February

Industry must leverage data, automation to create collaborative workflows that eliminate waste

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A couple of big challenges come to mind, and first and foremost is keeping talent and getting the right skill sets for our employees. As technology changes and as we find better ways to adopt those technologies into our industry, it’s critically important that we train our workforce so they have the proper skills to deploy those technologies. More and more, our employees are technical specialists, not generalists. We don’t just have petroleum or drilling engineers. We have data scientists and black-belt process experts, as well as application development engineers and integrated planning personnel. The staffing transformation is well under way...

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Next-level automation to go beyond discrete processes, linking data and workflows with digital technologies

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To advance drilling efficiencies and ensure profitability for entire supply chain, industry also must shift toward outcome-based contracts on a larger scale By Kelli Ainsworth Robinson, Associate Editor Arindam Bhattacharya is President of Schlumberger Land Rigs. What do you see as the most critical challenges facing oilfield service companies in the current environment? The most fundamental challenge that we continue to face is helping operators reduce their finding and development costs. Over the years, that has not changed; what has changed is our external environment. The oil price has gone through a big shock due to the downturn. We have been at $50 to $60 oil for the past two years, and there is a consensus that we have to ...

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Consolidation, shift away from dayrate model set to transform US onshore drilling industry

byron-dunn

One of the biggest challenges the industry faces right now is the dayrate model. The issue is that the dramatic increases in drilling efficiency and wellbore quality made by drilling contractors are not reflected in the dayrate model. The benefit of those advances goes only to the shareholders of the E&P company, not to the shareholders of the drilling contractor...

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Technology partnerships allowing industry to tap new expertise, unrealized potential of automation

etienne-roux

Companies moving to fully embrace digitalization as they realize that cost-cutting won’t lead to innovations the industry needs to face future challenges By Kelli Ainsworth Robinson, Associate Editor Etienne Roux is President, Drilling and Evaluation, for Weatherford. What do you consider to be the most critical issues facing the drilling industry today? It’s probably no surprise, but I think the two that stand out are still efficiency and safety. In today’s environment, those are the considerations that drive most decision-making in our industry. As an industry, over the past couple of years, we have achieved a lot of cost efficiency through a brute force approach of cost cutting. We’ve done all we can on that front. However, we can’t cost-cut ...

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With dayrates still low, industry may have to look to consolidation to cut costs, accelerate rig retirements

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Newbuild deliveries may exert pressure on jackup market in 2018, but operators likely to maintain preference for high-performing rigs with recent track records By Linda Hsieh, Managing Editor Ihab Toma is CEO of Vantage Drilling. Looking at the global offshore drilling market today, what do you see as the most critical challenges facing this business? It’s utilization, and it’s oversupply. For the past couple of years, the big challenge had been lack of rig demand, but that is starting to come back. However, we still have an oversupply of drilling rigs, and that will continue to put pressure on dayrates. Therefore, at this point, it’s very difficult for us to do much except cut more costs to generate enough margins ...

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Process automation becoming key enabler for optimization as market moves deeper into industrialization

Kevin Neveu, President and CEO, Precision Drilling

I would say there are two main things that are on my mind, and the first is wide-scale adoption of industrialized principles. When there’s industrialization, like the kind we see in the unconventionals where we’re mass-producing a large number of identical wells, it really allows you to optimize each step of the process and make significant improvements in efficiency...

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SIMOPs, continuous pumping may help operators create additional value as sizes of well pads expand

christophe-amadei

Within Total, we have identified safety as a value rather than as a priority. That’s because priorities can change due to environmental factors. For us, safety is a pillar on which we build everything else. We manage and control the risks associated with our activities, both for our employees and for the communities in which we undertake these activities. We also minimize their impact for future generations...

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2018 IADC Chairman to focus on outreach, competency, advocacy

Steven Brady speaks at the 2017 IADC World Drilling Conference, held 28-29 June in Amsterdam, on the RAPID-S53 BOP reliability database, a joint effort between IADC and IOGP.

As a child who grew up in a household that moved 20 times in 20 years, you might say that Steven Brady was well-prepared for a drilling career that would take him around the world to places like Aberdeen, Stavanger and even Archangel, Russia. “Frankly, I enjoyed moving. It was the story of my childhood,” he recalled. “I’m sure there are people who like to go to work and do the same thing everyday... but I enjoy seeing new places and new people. New challenges motivate me.”..

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Entrepreneurs pitch new technologies at IADC’s ART Spark Tank

At the IADC ART Spark Tank in Houston on 6 December, four entrepreneurs pitched their new technologies to three panelists, or “sharks.” Each speaker was given 15 minutes to present his technology/product, and each presentation was followed by questions and feedback from the sharks.

By Eva Vigh, Editorial Coordinator The IADC Advanced Rig Technology (ART) Committee held its fifth Spark Tank in Houston on 6 December. The forum, launched in June 2016, provides entrepreneurs with an opportunity to pitch their new technologies and products to a panel of operators and drilling contractors – also called sharks – who then provide their feedback. At the December meeting, four entrepreneurs showcased their technologies to three panelists: Kelli Fereday, Director of Subsea Wells, BP; Alan Quintero, Chief Technology Officer, Board Member, NACD Governance Fellow, Rowan Companies; and Keith Lynch, Wells Operations Advisor-Unconventional Assets, ConocoPhillips. The event was moderated by Robin Macmillan, Senior Vice President for Business Development at National Oilwell Varco (NOV) and Chairman of the IADC ...

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