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Forsys Subsea aims to reduce subsea CAPEX by 30%

Declining returns due to increasing costs in deepwater projects were a thorn in the eye of operators long before $50/bbl oil. But now, more than ever, trimming CAPEX requirements has become essential to make certain projects economic. To help address this challenge, oilfield service companies FMC Technologies and Technip are teaming up to streamline subsea design, delivery and maintenance through a new joint venture called Forsys Subsea.

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IADC launches WellSharp well control training, assessment program

IADC unveiled WellSharp, the drilling industry’s new well control training and assessment program, during OTC in Houston on 6 May. A collaborative, industrywide, industry-led effort to redefine well control training produced WellSharp, which emphasizes rigorous training for every person with well control responsibilities, whether office-based or rig-based.

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