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March/April

Asia Pacific: Utilization on the rise but dayrates still refuse to budge

In the Asia Pacific drilling market, rig dayrates are still down near OPEX levels. Demand for rigs, while improving, can’t exactly be described as high either. And yet, looking to the next couple of years, there is a growing sense of optimism among drilling contractors here. “I believe 2018 is going to be a very busy year,” said Izwan Megat, Head of Operations at Malaysia-based UMW Oil & Gas, which owns and operates seven jackups. “2017 was about ‘can you survive this?’ and in 2018 it’s more about, ‘we survived, and we’re going out to work, but how can we make healthy returns for the company?’”...

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PV Drilling jackups likely to stay busy through 2018 as demand rises in Vietnam, Southeast Asia

The number of E&P wells drilled in Vietnam has fallen drastically since 2014. Particularly in 2016 and 2017, almost 60% of E&P activities in Vietnam were trimmed off. Not surprisingly, this reduction in activity also drastically curtailed the amount of work available to PetroVietnam Drilling & Well Service Corp (PV Drilling), which has a fleet of four jackups, one semisubmersible tender-assist and one land rig...

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Moving from surface readouts to real-time data reduces guesswork to improve intervention efficiencies

As oilfield sensors and digital technologies grow more sophisticated, the industry is increasingly relying on real-time data to optimize the well intervention process. In today’s intervention operations, downhole data can make the difference between success and failure – and we know that operators can’t afford failures in this low-price environment...

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From the President: Commitment to safety must not waver as industry works toward zero incidents

At IADC conferences, chapter meetings and meetings with individual IADC members, I often talk about the association’s commitment to serving as a valuable resource for our membership. And here, still at the beginning of a new year, it bears repeating. I’ve learned a lot in my 20-plus years with this association, and chief among what I’ve learned is that IADC is only successful if our membership believes in our mission and is willing to volunteer their time and expertise in support of that mission. I’m proud of the legacy that we’ve built and continue to build, and prouder still that our members share the belief that our industry is better because it has an association that advocates for the interests of its members...

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IADC launches WellSharp Well Servicing accreditation program

To instigate a step-change in the prevention of well control events during well servicing operations, IADC is launching the WellSharp Well Servicing accreditation program to replace the legacy WellCAP Well Servicing program. The new program will go live on 1 April after more than two years in development. “By 1 April, training providers will stop teaching WellCAP Well Servicing,” Mark Denkowski, IADC VP of Accreditation Operations, said. So far, close to half of all training providers who are accredited under WellCAP have either already converted to or started the application process with WellSharp...

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News Cuttings

RAPID-S53, a joint industry project (JIP) between IADC and the International Association of Oil and Gas Producers to improve BOP reliability, has launched its latest phase featuring reduced fees for participating companies...

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Wirelines

On 8 February, the US Bureau of Ocean Energy Management held a meeting in Tallahassee, Fla., to open a dialogue with the state’s residents on proposed drilling activities off the Florida coast. IADC President Jason McFarland issued a statement in support of inclusion of waters offshore Florida in future Interior Department lease sales...

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HSE&T Corner: Interviewing front-line employees can help identify, eliminate system weaknesses before they manifest as human error

Research shows that human error and nonconformance can account for up to 80% of incidents. Of that 80%, up to 70% of incidents can then be attributed to system weaknesses, or conditions that allow an error to occur, said Sandra Adkins, Global Wells Organization Safety Advisor for Human Performance at BP. That means only 30% are related to individual mistakes. And yet, most incident investigations rely on traditional methods, such as near-miss reporting and observation programs, that tend to focus on proximal causes, such as human error. They rarely delve into system weaknesses...

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Integration enables deepwater MPD solution with a single control system

Schlumberger has introduced the industry’s first complete deepwater MPD integrated solution that uses only one control system and requires fewer personnel to operate. The system features a riser joint – including a rotating control device (RCD), a slim-line annular blowout preventer and flow spool – that weighs just over 80,000 lb and measures 40-ft long, making it the shortest and lightest available on the market, according to Bas Liezenberg, DPM Deepwater Product Champion, M-I SWACO, a Schlumberger company. “Our goal was to reduce the total cost of ownership,” he said...

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