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Mediterranean Maritime Hub introduces rig pit stop concept in Malta

MaritimeHub

Malta-based Mediterranean Maritime Hub (MMH) has launched a concept called “Rig Pit Stop” that aims to allow companies to cut costs without cutting capability. “The ‘Pit Stop’ principle is that a rig can come in and offload, for example, a BOP whole and bring on a new BOP that’s sitting there,” Steve Colville, MMH CEO and former CEO/President of IADC, said. “The old one is refurbished once the rig has left, so the rig does not have to wait while the equipment is refurbished. We think it’s possible to reduce yard costs by at least 15%.”

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D&C News

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BSEE to launch pilot risk-based inspection program for offshore facilities The US Bureau of Safety and Environmental Enforcement (BSEE) is launching a pilot risk-based inspection program that will use a systematic approach, relying on both a quantitative model and qualitative performance and risk-related data. “By focusing on facilities based upon their risk factors, BSEE can more efficiently and effectively manage limited inspection and audit resources,” BSEE Director Brian Salerno said. “Risk factors include design, operating and environmental characteristics of the facility, which may correlate to a greater likelihood of experiencing an incident. However, it does not mean that the facility has a bad safety record or is a poor safety performer, only that certain risk factors are present that must ...

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