Home / Microsites / Innovating While Drilling® (page 3)

Innovating While Drilling®

‘Smart evolution’ enabling efficient remote operations and better use of rig data will be the way forward

Nabors’ Miguel Sanchez: Pandemic accelerated industry’s appetite for digitalization and automation, but companies must remain disciplined with investments  By Linda Hsieh, Editor & Publisher Miguel Sanchez is Vice President of International Operations for Nabors. He also served as IADC’s Division VP International Onshore from 2019-2020. Nabors has a large international fleet operating in multiple markets around the world. So when you look at that rig fleet, what do you see as the biggest challenges that you face today as a drilling contractor? When it comes to challenges, the biggest one is uncertainty around the oil price. We know it fell to very low levels last year because of the pandemic and its repercussions on energy consumption, plus the price war ...

Read More »

Workforce competency, multi-skilling will be key to success as companies seek ways to do more with less

Parker Drilling’s Sandy Esslemont: Machines, technology, data will all be critical, but step changes must also be supported by drilling crews with versatile skills By Linda Hsieh, Editor & Publisher Sandy Esslemont is President and CEO of Parker Drilling. Looking across your entire rig fleet, what do you see as the biggest challenges that you face as a drilling contractor? During the pandemic, the biggest challenge has probably been the movement of people. Parker is a global contractor, with the vast majority of our revenue coming from outside of the US, so we’re constantly moving people around. It does help that we have a fairly significant localization program. However, as rigs have been stacked and crews are laid down, it’s been ...

Read More »

Industrialized processes, scale efficiencies can mitigate high cost variability of shale wells, lower risks

Precision Drilling’s Gene Stahl: Drilling contractors can help operators improve cost efficiency of unconventional projects through consistency, repeatability By Stephen Whitfield, Associate Editor Gene Stahl is Chief Marketing Officer at Precision Drilling. He also serves on the IADC Executive Committee. We had a difficult year in 2020 with COVID-19 and the downturn. How would you gauge the US onshore drilling market? Everybody’s been through a roller coaster, going from 800 rigs to a low of around 250 – an unprecedented drop. We’ve seen the oil price recover somewhat since then and stabilize in the mid-$40s range. We’ve also seen natural gas prices move up, and we’re seeing the onshore rig count work its way toward 400 rigs. Things have somewhat recovered, ...

Read More »

Digitalization, decarbonization remain key areas of focus for Total as company navigates downturn

If there is a silver lining with the current economic landscape, it’s that it may provide companies with a unique opportunity to transform themselves, by improving efficiencies and adapting to a lower carbon future. That’s the approach Total is taking, according to the company's Vice President of Drilling and Wells.

Read More »