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IADC, Regulation, and Legislation

Socar AQS General Director: Both challenges and opportunities abound in Caspian region

The Caspian region is facing multiple challenges as the industry evolves and as companies like Socar AQS drill deeper wells in heavily depleted reservoirs. In this video with DC, Ramin Isayev, General Director for Socar AQS, talks about key opportunities that his company is pursuing to improve operational efficiency by stimulating innovation and embracing new technical advances. Watch the video for more information.

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IADC Caspian Chapter revitalization leads to first-ever Drilling Caspian Conference

Over the past year and a half, the IADC Caspian Chapter has become among the most active and productive chapters of IADC, with the first-ever IADC Drilling Caspian Conference held in February in Baku, Azerbaijan. In this video from the conference on 20 February, DC speaks with Graham Clark, Chairman of the Caspian Chapter and Drilling Manager for Socar AQS, about the revitalization of the chapter and goals over the coming year. Watch the video for more information.

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Clear business case is key as drilling companies embark on cybersecurity journeys

For professionals in the drilling industry who are tasked with improving the cybersecurity of their organization, a common challenge is being able to clearly define the ongoing cost for each rig to implement a cybersecurity technology, as well as clearly articulating the technology’s benefits. However, it’s important that a clear business case be made to management based on facts in order to secure long-term funding for an organization’s cybersecurity needs. In this video from the IADC Cybersecurity Workshop on 13 December in Houston, Ben Ramduny, Co-Chairman of the IADC Cybersecurity Committee, also talks about key takeaways for workshop participants, as well as the value of continued participation in the IADC Cybersecurity Committee. Watch the video for more information.

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Chevron seeks to share tool for planning, executing well control drills

By Linda Hsieh, Managing Editor Let it never be said that the oil and gas industry doesn’t share or collaborate. Chevron is ready, if not eager, to share with the industry a cloud-based software tool, called DrillPad, that has already proven to be a bigger game-changer than expected for the operator, Jeff Smith, WellSafe Systems Manager for Chevron, said. “We’ve seen the severity of our well control events drop significantly since we got this tool in place. When I say significantly, I’m talking about an order of magnitude,” Mr Smith said at the 2018 IADC Annual General Meeting in New Orleans on 8 November. The tool was developed as part of the company’s WellSafe program, an assurance process for well control. “(DrillPad) ...

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Houmb, Karle receive IADC Exemplary Service Awards

IADC recognized two individuals with Exemplary Service Awards at the 2018 IADC Annual General Meeting on 8 November in New Orleans: Siv Hilde Houmb, Founder and CTO of Secure-NOK; and Arun Karle, Founder of Askara Group. Ms Houmb has chaired the IADC Cybersecurity Committee since the group was initially formed as a simple workgroup under the Drilling Control Systems Subcommittee of the IADC Advanced Rig Technology (ART) Committee, and later as it evolved into its own ART subcommittee. She currently serves as Chair of the committee, along with Co-Chairs Juan Negrete, Rowan Companies; and Ben Ramduny, Seadrill. She has more than 20 years of experience with cybersecurity and has published more than 100 scientific and industrial-focused papers on various topics ...

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Kevin Neveu elected as 2019 IADC Chairman

The IADC Board of Directors has elected Kevin Neveu, President and CEO of Precision Drilling, as its 2019 Chairman. Julie Robertson, Chairman of the Board, President and Chief Executive Officer of Noble Corp, was elected as Vice Chair. For the IADC Division posts, Roddie Mackenzie, Senior VP of Marketing, Innovation and Industry Relations for Transocean, will serve as VP of the Offshore Division. Scott McKee, VP Marketing for Cactus Drilling Co, was elected as VP of the North America Onshore Division. Lee Womble, VP Sales-Drilling Systems with Cameron, a Schlumberger company, was reelected as VP of the Drilling Services Division. In addition, Scott McReaken, CEO and Director of Sevan Drilling, will continue to serve as IADC Secretary/Treasurer. Mr Neveu has ...

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Trent Latshaw named 2018 IADC Contractor of the Year

Trent Latshaw, President of Latshaw Drilling Co, was named as 2018 IADC Contractor of the Year on 9 November at the 2018 IADC Annual General Meeting held in New Orleans. The award was established in 1988 to recognize individual drilling contractors and their outstanding lifetime achievements in technical innovation, safety and economic efficiency within the drilling industry. Sponsored by National Oilwell Varco (NOV), the award is the only one in the industry reserved solely for drilling contractors. All recipients are nominated and selected by IADC drilling contractor members. Mr Latshaw graduated from Texas A&M University in 1975 with a bachelor’s degree in petroleum engineering before going to work for Parker Drilling in Alaska as roughneck, motorman, derrickman and relief driller, ...

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Proposition 112 puts Colorado’s oil and gas future in the hands of voters

The Denver-Julesburg (DJ) basin in Colorado has turned into a huge success story for the oil industry in recent years, but the upstream sector in the state could be dealt a critical setback when voters go to the polls on 6 November. Oil companies in the DJ basin have realized dramatic improvements to well economics, with average wellhead breakeven oil prices falling from $80/bbl in 2010-2011 to just $30-$32/bbl in 2017-2018. The DJ basin does not get the level of attention generated by the highly prolific Permian basin in West Texas and New Mexico – the primary contributor to US oil production growth of late – but the upside potential of Colorado’s oil output is formidable. This upside, however, could ...

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IOGP engages with regulators on liabilities, studies different regulatory approaches

Since the early days of the formation of the Global Incident Response Group and Wells Expert Committee, the two groups have continued to fulfill their missions of improving drilling safety, improving the time to stop a blowout, and improving subsea and surface response capabilities. In particular, the two groups, which were formed by the International Association of Oil and Gas Producers (IOGP), continue to work with regulators around the world, according to Chris Hawkes, IOGP Safety Director. These include the EU Offshore Authorities Group, with whom the IOGP recently engaged on the issue of unlimited liabilities. Further, the IOGP recently was involved in an academic study looking at goal-based vs prescriptive regulations. Watch DC’s video with Mr Hawkes from the ...

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