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2017

People, Companies and Products

Transocean has reached an agreement with Songa Offshore whereby Transocean will, subject to certain conditions, make a voluntary exchange offer to acquire 100% of the issued and outstanding shares of Songa Offshore. The consideration in the offer will be based upon NOK 47.50 per share of Songa Offshore, representing a 37.0% premium to Songa Offshore’s five-day average closing price of NOK 34.68 per share...

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2016 ISP: Global LTI, recordable incident rates both down, but number of fatalities ticks up slightly

Numbers from the latest IADC Incident Statistics Program (ISP) are encouraging. The ISP, which has tracked safety and accident information for the drilling industry since 1962, shows that the worldwide lost-time incidents (LTI) rate improved by 27.7% from 2015 to 2016, going from 0.18 to 0.13. The recordable incident rate also saw improvement, falling by 23.3% from 0.60 in 2015 to 0.46 in 2016...

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Structured method to collecting equipment data drives consistency in failure reporting, robust analyses

Equipment data is instrumental to understanding equipment reliability and performance, which necessitates developing robust solutions through root cause analyses (RCA) and effective corrective actions. The direct results are operation optimization and equipment reliability improvement. Drilling equipment reliability is the ability of the drilling equipment to perform its function within specified design parameters. By definition, equipment reliability directly affects operational efficiency and effectiveness, which affects the overall cost of ownership of a piece of equipment and the cost of drilling operations...

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Digital transformation

The drilling industry has always been known for having big iron – from drawworks to iron roughnecks, from top drives to blowout preventers. But in today’s digital oilfield, it’s no longer hardware that’s driving the biggest changes at the rig site. Rather, game-changing technologies on the horizon are now almost entirely digital. Predictive analytics, the Internet of things (IoT), machine learning and artificial intelligence are not just buzzwords. They refer to real technologies that are increasingly being adopted into the drilling industry to improve efficiency and reduce costs....

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15K-rated rig modified to meet 20K exploration challenge in Norway

Technical challenges are becoming increasingly frequent as the industry explores the frontiers of offshore drilling. One such recent challenge was the Solaris ultra high-pressure, high-temperature (HPHT) exploration well, operated by Total Norge, on the Norwegian Continental Shelf (NCS). The well was successfully drilled in 2016 by Maersk Drilling’s Mærsk Gallant. The rig, an MSC CJ62-120S design jackup, broke a line of records in the process...

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Perspectives: Stacey Earley, Transocean: Flexibility, prioritization of risks helping contractors to keep offshore drilling economically viable

By Linda Hsieh, Managing Editor From an early age, Stacey Earley loved math and figuring out the mechanics of how things were built. It was a natural affinity. “My mother used to say that while other kids were playing on the playground, I was underneath the playground figuring out how it was constructed,” recalled Ms Earley, now Director of Marketing Contracts and Proposals at Transocean. “That curiosity really carried out throughout my youth and continues today in my current role seeking creative ways to address contract mechanics.” After high school, Ms Earley initially pursued civil engineering at the Massachusetts Institute of Technology – it seemed like an obvious choice for a budding engineer. But this was the early 1980s, and ...

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Digital twins help to predict failures, create blueprint for ideal asset performance

The concept of digital twins – a dynamic digital representation of an industrial asset – is increasingly being adopted in the drilling industry. At BHGE, digital twins are being used not only to understand the current state and condition of an asset but also to predict future maintenance issues and determine how issues can be avoided. “Digital twins combine our understanding of the physics of the equipment, as well as where the equipment is deployed – for example, reservoir location, morphology, etc – along with modern machine learning and artificial intelligence (AI) technologies,” said Dr Arun Subramaniyan, VP Data Science & Analytics at BHGE...

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To get the most out of drilling simulators, follow these 5 principles for designing training exercises

As drilling simulators become increasingly more sophisticated and available, organizations are increasingly exploring the possibility of enhancing safety and team performance by carrying out exercises on full-scale high-fidelity drill floor simulators. The amount of effort being put in by companies and trainers is impressive. However, based on more than 200 observations of teams taking part in exercises on drilling simulators, it’s also been observed that organizations are not investing sufficiently in the design of simulator-based exercises that would provide the maximum benefit for the team and organization...

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Dalma Energy adopts new work management system on Omani rigs to address ‘last mile’ challenge

Internet, phone and TV companies have what’s called a “last mile” problem: These companies spend billions of dollars in satellites, cables, towers and other technology, but until their service goes the “last mile” and is accessible by their customers, it creates no value for the company or their customers. All the infrastructure in the world doesn’t matter until the companies go that final distance to their customer’s homes and offices...

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