CATEGORIZED | 2012, Features, January/February

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

Posted on 01 February 2012

By Linda Hsieh, managing editor

Image courtesy of CNPC

The drilling industry is built on people, and we’re running short. Despite ongoing recruitment efforts around the world, as well as accelerated training programs in place, we know we can’t undo a couple decades of neglect overnight. “You can’t accelerate experience,” said David Payne, Chevron’s VP of drilling and completion. Real-time operations centers that leverage the experience of industry veterans appear to be helping, however, as is simulator-based training.

On the technology side, industry leaders see gaps in areas such as subsea BOP control systems and water use/disposal related to fracturing. Most also agree that higher levels of drilling automation are on the way. However, perspectives on the value proposition of automation differ across segments of the business, and a shift in the business model may be needed to incentivize the next step.

Further, a shake-up in the way that operators, contractors and equipment manufacturers interact with one another could be on the horizon. “We have to find a way to change the model, to find a way to apply technologies that will actually give a better result,” said David Reid, National Oilwell Varco senior VP of global accounts and chief sales officer.

Finally, everything still comes back to safety. The industry remains focused on incident prevention and safety leadership, whether by engineering hazards out of rig designs or building in redundancies to enhance equipment reliability. There’s no silver bullet, however.

“It’s hard work. It’s repetitive work,” said Claus V. Hemmingsen, CEO of Maersk Drilling. “You have to keep working on that message, making sure you grow and motivate your people to think safety all the time.”

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 29 January 2015

    PetroQuip deploys BigFoot toe sleeve in Anadarko Basin

    PetroQuip Energy Services successfully implemented its revolutionary toe sleeve, BigFoot, in a recent horizontal completion for an independent operator...

  • 28 January 2015

    Chevron collaborating with BP, ConocoPhillips to explore 24 leases in deepwater Gulf of Mexico

    Chevron will collaborate with BP and ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon...

  • 28 January 2015

    BP forms alliance to advance Paleogene discoveries in deepwater Gulf of Mexico

    BP has formed a new ownership and operating model with Chevron and ConocoPhillips to focus on moving two significant BP Paleogene discoveries closer to development...

  • 27 January 2015

    US EIA: Lower 48 oil production outlook stable despite expected rig count reduction

    The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, according...

  • 27 January 2015

    Hess announces 2015 capital, exploratory budget

    Hess Corp announced a 2015 capital and exploratory budget of $4.7 billion, a 16% reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45%) is budgeted for unconventional shale resources...

  • Read more news