November/December 2006

 GLOBAL DRILLING OUTLOOK
Looking further down the road,natural gas outlook remains bullish
Industry must monitor equipment, people, safety to meet growing energy demand
Offshore effective utilization rates near 100% worldwide
Wall Street perspective: Drilling business appears healthy for next 5 years
ReedHycalog annual census shows US rig fleet at 2,298 and worldwide offshore fleet at 654

 PACIFIC RIM DRILLING
The good times are rolling
China’s Karamay Drilling Company working to branch out internationally
MPD techniques address problems in drilling Southeast Asia’s fractured carbonate structures

 COMPLETIONS
Tests undertaken to explore applications of 125 ksi specified minimum yield strength casing in sour environments

 WELL CONTROL
MPD automation addresses drilling challenges in conventional, unconventional resources
Continuous Circulation System debuts with commercial successes offshore Egypt, Norway
Petrobras celebrates 10th WellCAP anniversary
Subsea test valve in modified BOP cavity may help to minimize cost of required BOP testing

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