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PSA Norway proposes unifying drawworks standards

Throughout Europe, drilling operations are governed by multiple sets of industry standards – some of which are regulations imposed by external organizations, such as governmental bodies, and others are best practices developed within the industry. Occasionally, these various procedures don’t align. This lack of unity has led to drillers and operators attempting to comply with as many as 90 different sets of regulations, some of which were issued by a different authority and some of which governed the same operations on operations, according to Ola Heia, Principal Engineer for Petroleum Safety Authority (PSA) Norway. During a presentation on 11 September at the 2018 IADC Advanced Rig Technology Conference in Austin, Texas, Mr Heia described how the PSA came up with ...

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Smart partnerships, advanced planning enable marginal field projects for Vestigo Petroleum

As a marginal field operator, Vestigo Petroleum realized at the onset of the downturn that the company must think unconventionally if it is to succeed in an era of lower oil prices. The operator, a subsidiary of Petronas Carigali, has since adopted a strategy that incorporates smart partnerships and significant advanced planning in order to complete projects where well costs are 40-50% of the project CAPEX. In this video from the 2018 IADC/SPE Asia Pacific Drilling Technology Conference on 29 August in Bangkok, Thailand, DC Managing Editor Linda Hsieh speaks with Fauzi Abbas, Head of Well Engineering for Vestigo, about the company’s work scope and how common goals can be set across teams to achieve operational excellence.

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Newbuilds, regionalism among factors distorting Asia Pacific rig market

The offshore rig market is showing signs of recovery, but major challenges remain. Teo Yun Yun, Principal Analyst for Rigs in the Asia Pacific for IHS Markit, noted that oil prices are likely to stay relatively strong in the near future, which will lead to an increase in the number of projects sanctioned and more demand for drilling rigs. However, the rig oversupply challenge has not been resolved, even as approximately half of today’s working fleet are still over 30 years old. At the 2018 IADC/SPE Asia Pacific Drilling Technology Conference on 28 August in Bangkok, Ms Teo spoke with DC Managing Editor Linda Hsieh about the state of the rig market, as well as how newbuilds and regionalism are distorting the ...

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NOV introduces shaker system with 90-second screen replacement time

National Oilwell Varco (NOV) recently launched SABRE, a modular shaker system based on a scalable platform that can be easily changed from a single deck to a double deck and from a double deck to a triple deck shaker. The upgrade can be done in the field, without the need to change out the complete shaker system, according to Richard Manning, Product Manager of Equipment for NOV. Further, by reducing the weight of the shaker’s screens to 14 lb, NOV was able to get screen replacement time down to about 90 seconds, Mr Manning said at the 2018 IADC Advanced Rig Technology Conference on 11 September in Austin, Texas. Watch DC’s video as Senior Editor Alex Wukman talks with Mr Manning ...

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Industry must focus on increasing employee skill sets, not on compliance training

As the drilling industry works to reshape itself for a sustainable future, companies increasingly recognize the importance of ensuring workforce competency. However, competency won’t come about by simply focusing on compliance training. Instead, companies must look at how they can help to increase the skill sets of their employees, said Marcus Chew, CEO of Singapore-based Energy Drilling. Mr Chew was among several panelists at the Executive Plenary Session at the 2018 IADC/SPE Asia Pacific Drilling Technology Conference on 27 August in Bangkok. Watch Mr Chew’s interview with Linda Hsieh, DC Managing Editor, as he talks about taking training out to the rig site, how the industry can deal with the rig oversupply, and lessons learned from ultra-efficient drilling operations in ...

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Wireless wellsite monitoring system could reduce NPT and tripping hazards

Current wellsite operations may create many types of real-time load and pressure monitoring data, but the transmission of that data from load cells is still primarily done by wireline – and transmission cables are not only a tripping hazard for personnel, but cable breakage is a common cause of NPT. To address these ongoing challenges, Strainstall – a UK-based mechanical and industrial engineering firm – developed Wellsite Monitoring Solutions, a wire and cable less monitoring system. Jim Profit, Business Development Manager for Strainstall, introduced the system on 16 August at the IADC ART Spark Tank, a forum for technology developers to present their innovations to a panel of operators and drilling contractors. Watch DC’s video as Senior Editor Alex Wukman ...

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Self-destroying drill bits could reduce NPT and keep the drill string downhole

Drill bits are one of the most important parts of any rig’s operations, and no matter how well a bit works, it will eventually wear out. The cutters will become dull and less effective, and finally the bit will have to be replaced. Replacing a drill bit a costly, time-consuming operation on any rig today. John Bloomfield, President and Founder of Bloomfield R&D, has envisioned a method that uses disposable, self-destroying cutters to keep the drill string downhole and reduce NPT. Mr Bloomfield presented his idea on 16 August at the IADC ART Spark Tank,  a forum for technology developers to present their innovations to a panel of operators and drilling contractors. Watch DC’s video as Senior Editor Alex Wukman ...

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IADC supplier metrics, scorecard aims to align expectations, promote performance improvement

The IADC Supply Chain Committee has developed standard supplier metrics and a scorecard. The supplier metrics were evaluated on impact to the supply chain process and the measurability by both suppliers and drilling contractors, according to Andy Poosuthasee, Director of Supply Chain for Vantage Drilling, who also serves on the IADC committee. The standard metrics will be used to create a balanced scorecard that drillers can share with suppliers so they understand the driller’s priorities and expectations, and are relevant and meaningful with their areas of expertise and business. Watch DC’s video as Managing Editor Linda Hsieh talks with Mr Poosuthasee about the driver for developing these metrics and how they work. A FAQ about the supplier metrics and scorecard ...

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Creative Learning Spiral can help oil and gas companies foster innovation among employees

As the oil and gas industry strives for innovations that can help it to maximize operational performance and improve safety, companies might want to look to the Creative Learning Spiral as a valuable tool. The framework, which centers around imagination and cycles through phases of create, play, share, then back to imagination again, can be used to foster innovation both when companies are looking for bold, new ideas and when only small process improvements are needed. In this video, DC Managing Editor Linda Hsieh speaks with Clena Abuan, Senior Technology Associate for BP, about how companies can deploy the Creative Learning Spiral, as well as BP’s work to develop a model that can predict the probability of a safety incident ...

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Susan Farrell: Oil prices to stay volatile amid geopolitical tensions, increased production from US unconventionals

There is tremendous uncertainty in the oil markets right now, particularly on the supply side. For example, Venezuela’s production decline began to accelerate in late 2017, contributing to the higher oil prices. This year, production in the country has moved into an apparent free fall and is forecast to take 1 million bbl/day out of the market by year-end, said Susan Farrell, VP of IHS Markit. In this interview from the 2018 IADC World Drilling Conference in Copenhagen, Denmark, on 19 June, Ms Farrell also discuss potential impacts from Iran sanctions, as well as US unconventionals production, which is expected to increase both in 2018 and 2019. Watch the video to learn more about Ms Farrell’s forecast.

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