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November/December

Environment, Social and Governance

Maersk Drilling sets target to halve emissions by 2030 Maersk Drilling has set a target of lowering the intensity of CO2 emissions from its drilling operations by 50% by 2030. The target  is part of an overall sustainability strategy and is supported by the company’s focus on efficiency gains, which also leads to reduced CO2 emissions. Initiatives so far include the first rig to operate onshore power and the upgrade of two of the world’s largest jackups to hybrid, low-emission rigs. In addition, Maersk Drilling recently announced that it has joined a consortium that is working to mature one of the most progressed CO2 storage projects in Denmark. Maersk Drilling’s emissions reduction target is in line with most oil and ...

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How we worked changed this year, but we stayed the course on our core goals

As we near the end of the year, it’s important to reflect on where we started. In the January/February issue of this magazine, I mentioned how the innovation of our industry does not happen without commitment, collaboration and participation from everyone. Inside companies, among friends in the industry and across the energy sector, this year has been tough for everyone. Yet, despite the obstacles we have faced, each and every one of us has stepped up with patience, grit and a positive attitude. Let’s look back at how the resilience of our industry was demonstrated this year at IADC. With the tumult of 2020, IADC knew that coming together would be more important than ever. Throughout the year, we partnered ...

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Geothermal energy holds great potential, but technical, regulatory challenges must be overcome

Optimizing development timelines through streamlined environmental review processes could help lower costs, increase available opportunities for drillers By Stephen Whitfield, Associate Editor Last year, the US Department of Energy (DOE) released a report estimating that geothermal electricity generation capacity has the potential to increase to more than 60 GW by 2050. That would be a nearly 2,600% increase over 2019 levels and would represent 8.5% of US energy generation. Clearly, geothermal energy has vast potential as a low-carbon solution, and it utilizes much of the same drilling infrastructure currently used in the oilfield. However, to realize that potential, a significant amount of risk in geothermal development projects must be overcome, in both technical and non-technical aspects, and costs must be ...

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FlexRigs: A milestone in the evolution of modern land rig technology, safety

Same desire for continuous improvement that drove design of FlexRigs is now driving H&P’s pursuit of better wellbore quality through digital, automation technologies By Linda Hsieh, Editor & Publisher In the annals of modern drilling history, the development of the Helmerich & Payne (H&P) AC-drive FlexRigs will surely go down as a key turning point in the evolution of modern rig design and technology. In terms of both safety and efficiency, these rigs proved to be a game changer that broke the prevailing “rigs are a commodity” paradigm in the US onshore market in the early 2000s. Up to that point, rig design was focused on drilling a specific well depth, said John Lindsay, H&P President and CEO. While companies ...

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Drilling & Completion News

Wintershall Noordzee develops third Sillimanite well Wintershall Noordzee has drilled the Sillimanite South field discovery well and directly converted it into a development sidetrack. It was the third well drilled in sequence after the two Sillimanite Unit field development wells were brought into production earlier this year. The unitized Sillimanite gas field stretches across the UK and Dutch continental shelves. “It is without a doubt a unique achievement of Wintershall Noordzee, Maersk Drilling and our many supply chain and joint venture partners to develop this exploration well into a production well in one flow,” says Robert Frimpong, Managing Director of Wintershall Noordzee. KCA Deutag nets contracts in Oman, spuds well in Kuwait KCA Deutag has been awarded $150 million-plus in ...

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Drilling & Completion Tech Digest

Drone delivers 3D-printed part to North Sea installation Equinor recently completed a logistics operation with a drone to an offshore installation. The drone flew a 3D-printed diesel nozzle holder for the Troll A lifeboat system from the Mongstad base to the North Sea. The test flight, which spanned around 80 km to the Troll field, took about one hour at an altitude of approximately 5,000 ft. It was the first of its kind, where an actual freight operation was conducted over a lengthy distance to an operating offshore installation. This type of drone used, a Camcopter s-100 model, has already logged around 70,000 flying hours from other types of operations. The drone is more than 4 m long and weighs ...

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People, Companies and Products

Jackson takes CEO spot at Seadrill, replacing Dibowitz Stuart Jackson has been appointed as CEO of Seadrill, succeeding Anton Dibowitz. Mr Jackson previously served as the company’s CFO. The role and responsibilities of CFO will be divided into two new roles: Grant Creed will become Chief Restructuring Officer, and Neil Gilliver will become Chief Accounting Officer. “We are in a new market, and we must adapt and adjust,” Mr Jackson said. “This means eliminating the carrying costs of assets which will never return to the market, addressing the cost base of productive assets and all delivered within a simplified organizational structure. Achieving this, alongside establishing a long-term, sustainable capital structure will see Seadrill well placed to participate in the industry ...

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US land drilling faces long road to recovery

Increase in onshore rig count is likely to be minimal next year as E&P companies will remain cash-strapped and favor conservative spending By Stephen Whitfield, Associate Editor Around this time a year ago, US onshore drilling appeared to be in a tough spot, with analysts projecting drops in the rig count and a slowdown in production as operators continued to prioritize cash flow. Still, no one could have predicted the events that followed. The COVID-19 pandemic and the oil price crash threw a significant wrench in nearly every facet of the industry, even more so than the 2014-2015 downturn. Onshore operators responded with massive CAPEX cuts in the first months of the year. Then, largely due to shut-ins and curtailments, ...

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News Cuttings

IADC changes RigPass endorsement after resigning from SafeLandUSA Board IADC has resigned from the SafeLandUSA Board and changed its RigPass endorsement. On 12 May, SafeLand Inc was registered as a nonprofit corporation without the knowledge or consent of the full SafeLandUSA Board. IADC, AESC and certain operator members had previously objected to proceeding with the incorporation, which was viewed as a departure from the original SafeLandUSA board structure that functioned as a voluntary, industry-led group representing industry safety training interests. With the new SafeLand Inc structure, IADC requested the development of a clearly defined business plan and updated bylaws. However, in the absence of progress to achieve this governance and other revisions, and at the direction of its North America ...

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