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2021

Early planning, customer alignment among key ingredients to successful rig reactivations during pandemic

Drilling contractors are also launching new initiatives to engage and train rig crews that work around COVID-related restrictions, quarantine requirements By Stephen Whitfield, Associate Editor As drilling contractors start to reactivate stacked rigs amid a burgeoning market recovery, they’re encountering new and additional risks and challenges that require much more careful management and balancing of resources than before. Importantly, while many countries have begun to loosen restrictions that affect travel to and from rig sites, most have not returned to a full pre-COVID environment. Speaking at a session during the 2021 IADC Drilling HSE&T Asia Pacific Conference on 19 May, a panel of industry representatives discussed five factors that drilling contractors should take into account to ensure a successful rig ...

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Emissions plunged last year, but at a ‘scarily high’ price

By Linda Hsieh, Editor & Publisher BP released its newest Statistical Review of World Energy in July, supplying some valuable context for understanding the extent of the impact that the pandemic had on the global energy system last year. While most of the findings aren’t surprising, they do shed some light on how the energy system behaved under extreme pressure. Here are some quick highlights: • World energy demand fell by an estimated 4.5%, the biggest reduction seen since World War II. • Oil consumption fell by 9.3%, or 9.1 million bbl/day. BP’s Chief Economist Spencer Dale called this reduction “far bigger than anything seen in history.” In fact, the fall in oil demand accounted for three-quarters of the decline ...

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2020 IADC ISP report shows global LTI, recordable rates fell by 25%+ despite stressed environments

Global lost-time incidence rate is down to 0.13 and recordable incidence rate fell to 0.46; total of four fatalities were reported for 2020 To say 2020 was a difficult year for the global drilling industry would be an understatement. The global pandemic led to one of the largest and quickest-hitting economic recessions in modern history, leading to unprecedented lows in oil prices and sharp pullbacks in drilling activity. On top of that, lockdowns created huge headaches around the world in terms of moving rig crews to and from rig sites. In many cases, crews had to stay on the rig for much longer than their usual hitches, sometimes even for months. Against this backdrop, the industry’s safety achievements are all the ...

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Oil and gas drilling innovations could fill technology gaps to make ‘geothermal anywhere’ a reality

Hybrid drill bits and MPD among conventional drilling technologies that could help increase ROPs in deep geothermal wells, enhance project economics By Stephen Whitfield, Associate Editor In recent years, geothermal drilling and well construction have increasingly come to be perceived as an attractive pathway for drillers to enter the world of “green” energy while using existing equipment and drilling expertise. However, geothermal resources have yet to take off on a wide scale due to associated limitations, such as the inability to transport it along long distances.  That could change if the “geothermal anywhere” concept takes off. The idea is to enable geothermal heat to be accessed from anywhere in the world – even where fractures and fluid do not naturally ...

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Editorial: IADC’s multi-pronged approach to ESG spans technology, training, regulator engagement

By Jason McFarland, IADC President ESG has been a key focus area over the past year. Proposed legislative bills, news articles and white papers continue to draw attention to the topic. For IADC and its members, sustainability is at the core of many efforts.  Environment Drillers are always being asked to do more with less. That’s why IADC believes in cultivating an ecosystem of continuous improvement. Our upcoming Advanced Rig Technology Conference in October will focus on the industry’s latest technical and technological innovations. Industrywide digitization and standardization provides ample opportunity for members to get the most out of their people, their equipment and their supply chains. Simultaneously, a real step-change in collaboration will be needed today to prepare for tomorrow’s ...

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Understanding over-optimism can help organizations avoid poor decisions, create environment for better risk management

By Jared Dempsey, Kognivate, and Tim Wigham, Exceed Performance In general, people are moderately optimistic and feel hopeful about life. In fact, research has shown that optimism helps people to be successful at home, in business and on the sports field. Words like drive, grit and resilience are all rooted in optimism.  The drilling industry is a story of tenacity and innovation, from its early days of land drilling, then pushing the boundaries to use piers to drill just a little off the land’s edge and at the beginning of the shallow sea, and finally deepwater drilling around the globe. The advances in the oil and gas industry have matched the technological progression of the space industry. None of this ...

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Perspectives: Linda Ibrahim, Vantage Drilling: Understanding all business drivers, getting internal buy-in are key to driving tax efficiency

By Linda Hsieh, Editor & Publisher “Sexy” is not a term you often hear used to describe the oil and gas drilling business, but that’s exactly how Linda Ibrahim perceived this industry when she first came into contact with it back in the early 2000s. She was doing public accounting for PricewaterhouseCoopers (PwC) at the time, based in Houston, and found herself consulting for big oil and gas companies like Shell Oil and ExxonMobil. But it was the offshore drilling contractors who were always her favorite clients.  “Because you knew that nothing was ever going to stay constant,” said Ms Ibrahim, who currently serves as Chief Accounting Officer and VP of Tax for Vantage Drilling. “Drilling contractors have a mobile ...

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Drilling & Completion News

Maersk Drilling nets contract extension from Equinor Equinor exercised an option to add additional well intervention work to the previously agreed work scope for Maersk Drilling’s low-emission jackup Maersk Intrepid at the Martin Linge field offshore Norway. The added work scope has a firm duration of 31 days, which means that the rig is now contracted until February 2022. The firm value of the extension is approximately $10.5 million, including integrated services but excluding potential performance bonuses. The contract extension was entered under a master framework agreement in which the companies have committed to collaborate on technology advancements and other initiatives to limit greenhouse gas emissions. The contract with Equinor contains a performance bonus scheme based on reduced CO2 and ...

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How to safely, efficiently use hot bolting to combat corrosion

Detailed planning, use of hot bolt clamp can minimize risks with single stud replacements By Thomas Lamb, Hydratight  Corrosion is a worldwide problem that has been estimated to cost around 3% of global GDP, or approximately $2.5 trillion, according to a 2016 NACE study. Steel corrodes through an electrochemical process – hydrogen and oxygen combine with iron during contact with water and air. This creates the hydrated iron oxide that colors aging steel and is commonly known as rust.  Rust is the red iron oxide that is the most common by-product of corrosion. It is a major challenge, particularly in coastal sites and offshore installations where high levels of salt will introduce chloride into the equation. Chloride speeds up the corrosion ...

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Drilling & Completion Tech Digest

Norske Shell, Kongsberg collaborate on integrated reservoir with digital twin technology Norske Shell and Kongsberg Digital have developed a digital twin of the Ormen Lange deepwater gas field using the Kongnitwin Energy solution. The new digital twin will feed into the existing onshore digital twin developed at the Nyhamna gas-processing facility to create a fully integrated reservoir-to-market digital twin. The first version of the Ormen Lange digital twin comprises primarily data integrations and visualization of subsea 3D models, including production pipelines, well surface locations and wellbore paths, seabed bathymetry data detailed around the production templates, built documentation and drawings, and real-time data from distributed control systems and plant interfaces. For disciplines and teams across the initial Ormen Lange user base ...

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