Precision, Schlumberger partner to boost industrialization of North American unconventional drilling

Posted on 22 July 2014

Precision Drilling has entered into a strategic technology and service agreement and marketing alliance with Schlumberger. Using Precision’s Tier 1 drilling rigs and Schlumberger’s bottomhole assembly and services, the agreement aims to increase the industrialization of unconventional drilling in North America. The agreement applies to Canada and the Lower 48 states in the US and includes contract drilling services, downhole drilling and measurement technology, engineering expertise and operational training. “Today’s alliance between Precision and Schlumberger meaningfully advances our integrated directional drilling service offering and enables us to compete with the complete range of downhole tool technology creating a value proposition for customers that will be difficult to ignore,” Kevin Neveu, President and CEO of Precision, said. “The contract drilling leadership of Precision combined with the downhole technology expertise of Schlumberger, will streamline the drilling process, reduce costs and improve results.”

Precision will continue to expand its integrated directional drilling services utilizing Schlumberger’s downhole tools and related services supported by drilling engineering and modeling, component integration, industry leading subsurface knowledge and expertise and high-quality measurements.

The agreement between Precision and Schlumberger will leverage core strengths to provide services to North American oil and gas companies. The relationship targets improved drilling performance, efficiency, consistency and reduced cost of operations.

Precision will bring to the alliance a high-performance North American fleet of 320 drilling rigs, including 204 highly mobile Tier 1 rigs. Approximately 90% of Precision’s North American activity involves horizontal or directional wells. The company also has technology centers in Houston and Nisku, Alberta, Canada, to support training and development functions, as well as core repair and maintenance support for drilling operations.

Schlumberger will offer its drilling group technologies, including rotary steerable systems, drilling tools, measurement- and logging-while-drilling, surface logging, drill bits and drilling fluids technologies. The service company also provides well planning and well engineering with reservoir expertise in North America’s resource plays, management and maintenance services, and training in drilling technologies and operational processes.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 31 March 2015

    ExxonMobil begins production at Hadrian South in Gulf of Mexico

    ExxonMobil has begun production in the deepwater Gulf of Mexico (GOM) at Hadrian South, with facilities tied back to the nearby Lucius project. Daily gross production...

  • 31 March 2015

    Active risk assessment, global sharing at core of Nabors safety intervention program

    Gagan Singhal, Area Manager at Nabors Drilling International, outlined a new safety intervention system that helps the company...

  • 30 March 2015

    National Petroleum Council: US can safely tap Arctic resources to secure energy needs

    Prudently developing US Arctic oil and natural gas resources would enhance America’s position as a global leader in energy production for the next 35 years...

  • 30 March 2015

    Joint safety improvement plan aligns HSE objectives, “language” for Shell, Halliburton

    Speaking at a joint presentation with Halliburton at the 2015 IADC HSE&T Asia Pacific Conference in Kuala Lumpur on 12 March, Alain Moonen...

  • 27 March 2015

    Gravity-deployed carbon composite cable completes first commercial deployment offshore Norway

    Ziebel, a Stavanger-based provider of specialist well intervention services for the oil and gas industry, announced that its Z-Line gravity-deployed...

  • Read more news