Archive | Global and Regional Markets

Analysis: Dayrate business model not built to drive innovation, value delivery

Posted on 22 April 2014 in 2014, Global and Regional Markets, May/June

The drilling business model has become the “elephant in the room” as drilling systems automation advances seek an integrator and technology/performance enhancements seek…

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MPD poised for growth in Australasia deepwater

Posted on 22 April 2014 in 2014, Global and Regional Markets, Innovating While Drilling, May/June, The Offshore Frontier

The pace and success of Australasia’s deepwater exploration and development depends on achieving high standards of safety and environmental stewardship while addressing…

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Global exploration, streamlined drilling to lead Statoil growth

Posted on 22 April 2014 in 2014, Global and Regional Markets, May/June, The Offshore Frontier

Global exploration will be the primary growth engine for Statoil in the near term, and the US Gulf of Mexico (GOM) will play an important role in that strategy as the company…

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Back on the upswing

Posted on 22 April 2014 in 2014, Features, Global and Regional Markets, May/June, Onshore Advances

Steadily high oil prices – WTI oil continues to hover around $100/bbl – along with expanding opportunities around the world have drilling contractors, operators and analysts…

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Rewards on the offshore horizon

Posted on 22 April 2014 in 2014, Features, Global and Regional Markets, May/June, The Offshore Frontier

Navigating the offshore market these days is an uneasy voyage of great expectations balanced by economic reality. As a strong pipeline of deepwater projects and buoyant…

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Certification of 1st DGD drillship paves path for ultra-deepwater drilling

Posted on 22 April 2014 in 2014, Global and Regional Markets, May/June, The Offshore Frontier

Drilling to deeper depths in the Gulf of Mexico (GOM) has increased the geometric complexity of subsea well designs. Deepwater drillers must contend with challenges such as…

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ERD advances push limits on Chayvo wells

Posted on 22 April 2014 in 2014, Completing the Well, Global and Regional Markets, May/June, Onshore Advances

The second drilling campaign at the Chayvo field, located offshore Sakhalin Island, targeted a new reservoir zone using extended-reach wells from onshore. A total of four oil producers…

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Case study: Culture of performance drives Iraqi drilling campaign

Posted on 22 April 2014 in 2014, Completing the Well, Drilling It Safely, Global and Regional Markets, May/June, Onshore Advances

The giant Majnoon oilfield in Iraq was discovered in 1975 by Braspetro (Petrobras). It is located in southern Iraq, 60 km (37 miles) from Basra. Multiple reservoirs contain an estimated…

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Onshore drilling & technology briefs

Posted on 22 April 2014 in 2014, Drilling It Safely, Global and Regional Markets, Innovating While Drilling, May/June, Onshore Advances

Automated rig aims to reduce human exposure; California well stimulation regulations put operations at standstill…

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670,000+ wells to be drilled through 2020

Posted on 22 April 2014 in 2014, Global and Regional Markets, May/June

Oil and gas development wells drilled around the world will need to exceed 106,000 per year by 2020 in order to meet global hydrocarbon demand, Douglas-Westwood stated in its…

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