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Author Archives: Jay Stracke

Drilling & Completion News

Transocean lands drillship contracts from Petrobras Transocean announced that Petrobras has awarded contracts to two of the company’s ultra-deepwater drillships, with work commencing in Brazil in November. The Ocean Corcovado received a 629-day contract, representing an estimated firm contract backlog of $123 million; priced options for 680 days are included. The Ocean Rig Mykonos received a 550-day contract for an $118 million backlog. This contract includes priced options for 815 days. Turan to operate, maintain seven platform rigs for BP Turan Drilling & Engineering Company has been awarded its first contract, which is with BP Exploration.  The contract has a value of approximately $500 million for the firm period or $700 million including all options. It is for the operations ...

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Drilling & Completion Tech Digest

Johan Sverdrop record lift completed in three days Equinor announced that it has set a record with a three-day lift of two final platform topsides, a bridge and a flare stack for Johan Sverdrop. It was the heaviest lift ever performed offshore, according to Equinor. “Putting the final building blocks of this gigantic project into place is important to ensure startup of the field as planned in November this year,” said Trond Bokn, Senior VP for Johan Sverdrup. The two final platform topsides were installed using the heavy-lift vessel Pioneering Spirit and its single lift technology. The processing platform lift – nearly 26,000 tons – set a lifting record offshore and was carried out in four hours with a clearance ...

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News Cuttings

IADC holds human performance in well control workshop IADC held a human performance in well control workshop in conjunction with the 2019 SPE/IADC International Drilling Conference in The Hague, The Netherlands, on 4 March. More than 50 human factors, well control and HSE professionals attended the event. It featured sessions on the foundation principles of human performance, the importance of cross-company collaboration, and applications and tools available to the industry. Presentations were made by Shell, BP, IADC, Chevron, KCA Deutag, Aramco Overseas, Maersk Drilling and Baker Hughes. In the interactive exercise that concluded the workshop, participants were asked to list and rank their ideas for improving human performance at individual, company and industry levels. Almost half of the workshop attendees ...

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Ben Ramduny, Seadrill: Drilling contractors seek support from industry suppliers for cost-effective, retrofittable security solutions

By Linda Hsieh, Editor & Publisher From bounty hunter to genetic engineer to salesman to tour guide, Ben Ramduny went through several childhood dreams, ambitions and life phases before finding his passion in information and cybersecurity. His affinity for computers began when he was a young child growing up in the English town of Crewe, playing with early-model home computers like Spectrum and Amstrad in the 1980s. This interest in computers continued throughout his childhood so that, by the time he was in his 20s, he had gained enough computer knowledge on his own to get a job on the IT help desk of Fujitsu Services. “This was 1999, when not everybody had a computer,” he recalled. Working for Fujitsu ...

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Rig count rising: Bakken drillers appear positioned for fresh growth

Bakken rig count hits 60 for first time since 2015 just as production reaches record high By Julie Francis, Wood Mackenzie The state of North Dakota reached a milestone in the last week of March 2019 – the rig count rose to 60 for the first time since December 2015. The achievement comes on the back of another important breakthrough from January – Bakken production hit a record-high 1.376 mmboe/d. While 60 is the highest rig count for the state in more than three years, it’s still eclipsed by the levels reached before the oil price crash of late 2014. The downturn forced Lower 48 operators to improve their working practices: They hired fewer rigs and completed fewer wells. But ...

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Cost-per-barrel focus propels frac advances

Adoption of dissolvable plugs grows as operators seek to eliminate drill-outs; switch to lower-cost in-basin sand also moves into high gear By Linda Hsieh, Editor & Publisher As E&P companies continue to prioritize and invest in unconventional resources, service companies are following suit, pursuing rapid development and evolution of completion technologies to meet operators’ increasing demands. In particular, longer laterals and more complex well designs are driving the adoption of dissolvable technologies, which continue to mature as companies learn how and where they should be used to achieve the best results. Frac plugs that help to improve fluid efficiency when they’re pumped downhole are also leading to reductions in water usage, an important challenge in the Eagle Ford and Permian ...

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Land market steadies after late 2018 dip

High-spec rig market recovering well, with both rig demand and dayrates expected to remain healthy for remainder of 2019, although contractors may delay rig upgrades as cash flows tighten By Linda Hsieh, Editor & Publisher When oil prices took a sudden and surprising dip in late 2018 after what had been a relatively strong and stable year, it caught the industry off guard. It also led to a bit of panic in the industry, with worries that the price slump would lead to another market downturn in 2019. “Fortunately, it did not. It rebounded,” Chris Menefee, Senior Vice President of Business Development for Independence Contract Drilling (ICD), said. “But it still caused some uncertainty… and it couldn’t have come at ...

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A rising tide for offshore drillers

Cost cutting, technical innovations and better all-around efficiency position the offshore market for growth, even at lower prices By Katie Mazerov, Contributing Editor After years of market contraction and aggressive cost cutting, the global offshore oil and gas market is showing signs of an upward tick. Analysts are now projecting an increase in spending – even at oil prices considerably lower than those seen in 2014. However, as operators begin ramping up exploration and development campaigns in key basins, especially deepwater, the story looks markedly different from a decade ago. Back then, prices were well over $100/bbl, rig rates were at all-time highs, and shipyards were enjoying an unprecedented construction boom as contractors prepared for operators’ anticipated foray into complex, ...

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Friction reduction system aids optimized bent-motor BHA to drill Vietnam’s longest basement section

Operator drilled section to TD and connected all targets despite extreme difficulties encountered in this complex wellbore By Son Bui, Thang Long Joint Operating Company; Ngo Huu Hai, Petrovietnam Exploration Production Corp; Nam Nguyen, Geoff Blackwell and Jake Tretheway, National Oilwell Varco Thang Long Joint Operating Company (TLJOC) was operating a well in the Cuu Long Basin offshore Southern Vietnam and needed to more effectively drill through a difficult section. Granitic basement drilling, where the formation is very hard (35 to 40 kpsi UCS), presented major challenges, as PDC cutters could not drill through the formation, very high levels of vibration were encountered, and rate of penetration (ROP) was limited. Despite the inherent risk of drilling such a well, TLJOC ...

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