CATEGORIZED | 2011, Features, January/February

Critical Issues in Drilling & Completions – Exclusive Q&A’s with industry leaders

Posted on 28 January 2011

ENSCO 8501 is contracted in the US Gulf of Mexico

ENSCO 8501 is contracted in the US Gulf of Mexico

Nearly a year after the blowout on Macondo, the drilling industry is still trying to put the pieces back together in the US Gulf of Mexico. It hasn’t been easy. Despite extensive efforts to show the government that deepwater drilling can be done safely – as it has been done for decades – companies face a barrage of new regulations. And industry is eager to comply, yet trying to pin down exactly what compliance entails has been frustrating. “The problem is the US government doesn’t yet know how it wants to deal with offshore drilling. They say they want to allow it, but their actions don’t support it,” said David Williams, chairman, president and CEO of Noble Corp.

In the meantime, industry is taking a closer look at its management of risk. Mark Diehl, VP – engineering for Pride International, urged all industry stakeholders to engage in more conversations on reliability and fault management. Peter Sharpe, Shell executive VP for wells, reiterated his company’s commitment to deepwater and emphasized a growing focus on process safety.

Other critical issues cited by industry leaders include trying to standardize closed-loop automation and managed pressure drilling, renewing the global rig fleet and finding new ways to lower the cost per well. But perhaps the most critical challenge for this industry remains people, because training them to be safe and ensuring their competency will take everything we’ve got. As Keppel CEO Chong Heong Tong said, “People are definitely our key to success.”

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 24 April 2014

    Baker Hughes and Aker Solutions form subsea production alliance

    Baker Hughes and Aker Solutions have formed an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for...

  • 22 April 2014

    Noble names Steven Manz as Senior VP And CFO of Paragon Offshore

    Steven A. Manz will serve as Senior VP and CFO of Noble Corp’s spinoff company Paragon Offshore, a standard specification offshore drilling company, Noble announced today...

  • 17 April 2014

    Shell makes deepwater gas discovery offshore Malaysia

    Shell has made an exploration discovery offshore Malaysia in the Rosmari-1 well located 135 km offshore Malaysia in Block SK318. The well was drilled to a total depth of 2,123...

  • 16 April 2014

    Maersk Drilling takes delivery of ultra-deepwater drillship

    Maersk Drilling has taken the delivery of its second drillship, Maersk Valiant from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant has begun its voyage toward the...

  • 16 April 2014

    Ensco orders new jackups from Lamprell

    Ensco has ordered two high-specification jackups, ENSCO 140 and ENSCO 141, for delivery in mid-2016 from Lamprell’s shipyard in the United Arab Emirates. The rigs will also...

  • Read more news