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Oil and Gas UK Wells Forum pushes UK North Sea to reduce well costs by half

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As low oil prices began to severely strain the already high cost of drilling in the North Sea, the Oil and Gas UK Wells Forum issued a challenge in 2015 for the industry to reduce well costs 50%. In responding to this challenge, operators have instituted strategies such as well scrutiny sessions, in which companies analyze each other’s plans for new wells and introduce ideas for efficiency improvements. “We’ve seen concrete ideas that have been brought to the table which have resulted in maybe 15% or 20% reduction of those well costs,” said Olav Skar, GM of Wells for Shell UK and former Chairman of Oil and Gas UK Wells Forum. “Now, that’s one step, and we’re looking, through industry collaboration, to get more ideas like that.” Watch the video with Mr Skar from the 2016 IADC World Drilling Conference in Lisbon on 16 June for more information.

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Willy Brandt receives IADC Exemplary Service Award

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At the 2016 IADC World Drilling Conference in Lisbon on 15 June, IADC President and CEO Jason McFarland presented an Exemplary Service Award to Willy Brandt, who recently retired from Transocean as VP of Customer Accounts and Advisor to the COO. Mr Brandt has worked in the industry for more than four decades and has held various positions in both headquarters and field assignments in locales such as West Africa, the Middle East, Europe, Asia and the US. During his career, Mr Brandt served as Chairman and member of the IADC North Sea Chapter from 1990 to 1997 and was a member of the IADC World Drilling Program Committee from 2007 to 2016. He was also a member of the High-Pressure, High-Temperature Workgroup North Sea in 1989 and a member of the IADC Rig Safety Group in 1980. “I would like to thank the IADC to have been given the opportunity to work with great people – great collaboration,” Mr Brandt said. “When I look back, I can only look at it with great pleasure.”

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Shale to carry critical geostrategic implications for US for coming decades

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With the US assuming a new role as a swing producer due to the unconventionals, the nation is gaining far more influence over the global oil market than before, Baron Lukas, CEO of EnviroLogic Solutions, said at the 2016 IADC Drilling Onshore Conference in Houston. In addition, shale could allow the US to become fully energy-independent. In this video from the conference on 19 May, Mr Lukas explains the geostrategic implications of US shale production. He also discusses demographic trends, such as aging populations in developed countries, that could have an impact on long-term energy demand.

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Industry pushes crew competency through training rigs, simulated environments

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Drilling contractors are increasingly using applied training environments to deepen competency and better develop high-reliability organizations. At Precision Drilling, for example, a fully functional drilling rig is being dedicated to providing crews with hands-on training in ways that traditional classroom-based training can’t. The onshore drilling industry is also looking...

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US onshore rig count to pick up in 2017, but recovery will be gradual

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The US land rig count is expected to remain flat for the remainder of the year, but approximately 200 rigs will go back to work in 2017, James West, Senior Managing Director at Evercore ISI, said at the 2016 IADC Drilling Onshore Conference in Houston. This signals a recovery, but it’s like to happen gradually rather than immediately. In this video from the conference on 19 May, Mr West explains some of the factors that will moderate the onshore drilling market recovery, including challenges around labor and equipment.

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DC visit, Texas Rule 13 among key government affairs issues impacting onshore drilling

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IADC and onshore drilling contractor members visited Washington, DC, in April to engage with members of Congress and OSHA on issues that are impacting the industry. “We used this opportunity to refresh and reset IADC’s presence on Capitol Hill,” said Liz Craddock, IADC Vice President of Policy and Government Affairs. IADC has also continued to advocate for onshore drilling contractors at the state level...

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