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DC survey reveals industry optimism

Posted on 23 April 2009 in News

 A survey by DrillingContractor.org finds an astonishing level of optimism among its readers. Fully 83% of respondents believe that recovery in drilling will occur by 2010, or even 2009. The remaining 17% adopt a far more cautious stance, believing recovery is nowhere in sight (5%) or will remain elusive throughout 2010.

But how much value can be attached to these forecasts?

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Qatar Gas to hold first meeting of IADC HSE Roundtable

Posted on 23 April 2009 in News

 Qatar Gas will host the inaugural meeting of the IADC Middle East Roundtable, announced IADC regional vice president – Middle East & Africa Ken Fischer, speaking at IADC Drilling HSE Middle East 2009 on 22 April in Abu Dhabi.

The date remains to be set.

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New land rig design features multiple well centers

Posted on 23 April 2009 in News

 The NOV SPRED Rig

To address the economic viability of unconventional assets, National Oilwell Varco is launching its new SPRED Rig – which the company believes may enable a three- to four-time reduction in the time needed to drill batch wells. The design features multiple well centers with movable function-specific tools that travel from well center to well center to perform specific operations.

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IADC adds Asia operations unit

Posted on 23 April 2009 in News

 Chit Hlaing, IADC Operations, Asia

IADC has opened a regional operations office in Bangkok, Thailand, staffed by Chit Hlaing, IADC’s new operations assistant – Asia operations. Mr Hlaing will serve IADC members and support association activities throughout Asia. Among his responsibilities will be coordinating operational functions, promoting accreditation programs and membership, and supporting conferences and chapters in the region.

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Aker Solutions ready to field-test bidirectional tractor

Posted on 23 April 2009 in News

 The PowerTrac Advance 434 Open Hole Tractor

Aker Solutions is very close to identifying a test well and operator for the first field trials of what it calls the world’s first bidirectional tractor. The company planned to test the tractor onshore by early May.

The PowerTrac Advance 434 Open Hole Tractor’s bidirectional capability means the tool can push heavier open tools into the well and help retrieve tools by reversing the tool, according to the company.

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March/April 2009 Drilling Contractor now available online!

Posted on 07 April 2009 in News

 The March/April 2009 edition of Drilling Contractor, the only magazine exclusively dedicated to drilling and completion, is now available online. The online edition offers exclusive web features not available in the print version.

Now available for download in both PDF and HTML formats.

The March/April DC explores multiple topics:

  • • Innovating While Drilling
  • • Well Intervention
  • • Completions
  • • Drill Bits
  • • Health, Safety and Environment
  • • Asset Integrity
  • • Well Control

Click here to view the latest issue!

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IADC backs industry fight against tax increases

Posted on 07 April 2009 in News

 It’s a simple equation: Increased taxes = less investment = less production. Which is why IADC is working, through its alliance with industry groups like API and IPAA, to oppose a budget request by the Obama Administration that would essentially repeal Bush-era tax breaks for the oil and gas industry. This could mean a $30 billion-plus tax increase on American energy producers, most of whom are small businesses.

According to the IPAA, US independent producers develop 90% of US wells and produce 82% of the country’s natural gas and 68% of oil. Increasing taxes on these companies would strip essential capital from new investments, therefore reducing production. And because oil and gas royalties already account for the second-largest income source for the US Treasury, less production would also result in less income for federal and state governments.

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SCA Chapter marks 10 years of success

Posted on 07 April 2009 in News

 An estimated 300 guests helped the IADC South Central Asia (SCA) Chapter celebrate its 10th anniversary on 13-14 March at Aamby Valley’s Sahara Lake City, a resort community between the cities of Mumbai and Pune. The 22nd Technology Meet was held on the first day, followed by a golf tournament on the second.

A message from IADC president Dr Lee Hunt was delivered by IADC regional vice president – Middle East & Africa Ken Fischer to congratulate the chapter for a decade of stellar success. Dr Hunt emphasized the support of ONGC’s leaders, commenting, “Without their patronage and sponsorship, it would have been difficult to assemble the lineup of distinguished guests and speakers who have brought such high levels of learning and information to these assemblies.”

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Meridian CEO: Industry must break down barriers to adopting new technologies

Posted on 07 April 2009 in News

 Paul Ching

Hydrocarbons will likely remain the world’s primary power driver for the near term, and the path to those hydrocarbons lies in technology.

“Hydrocarbons are going to be the main source of energy for the developed and emerging world for at least the next two decades, and it’s going to take technology to develop the supply to meet demand,” said Paul Ching, chairman and chief executive officer, Meridian Resource Corp, and co-chair of the SPE Emerging Technology Workshop, 19-20 May in San Antonio, Texas.

But as new technologies have emerged, the oil and gas industry has been slow to embrace them. “A study by (business consulting firm) McKenzie & Associates in the late 1990s showed that the oil industry was the slowest of all industries to incorporate new technology,” said Mr Ching, who previously was vice president, technical, research and development for Shell International E&P in the Netherlands.

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Victory for UK offshore employers in Working Time Directive appeal

Posted on 07 April 2009 in News

 In a sweeping judgment issued by the Scottish Employment Appeal Tribunal (EAT) in Edinburgh, offshore employers prevailed on all major points involving application of the EU Working Time Directive (WTD) on the UKCS. Oil & Gas UK and IADC have long argued that the WTD requirement of four weeks’ annual leave is provided in the existing offshore rota system during field breaks. Offshore unions claimed that the Directive required an additional four weeks of holiday. The tribunal reversed the findings of a lower tribunal in Aberdeen, which held that the Directive requires two weeks of additional leave. In addition, the EAT dismissed all individual employees’ pending claims involving the decision.

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