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IADC KREW leads evolution in well control training IADC recently launched the Knowledge Retention & Education for our Workforce (KREW) system. KREW is a crucial tool for closing skills gaps, utilized in conjunction with IADC’s WellSharp program and certifications. The continuous-learning platform is designed to help the drilling industry retain critical on-the-job knowledge in between well control recertification training.  In this video, DC Associate Editor Stephen Whitfield talks to two members of the KREW Steering Committee – Mike Garvin, Senior VP Operations at Patterson-UTI Drilling, and Jeremy Sokol, Technical Training Unit Manager at Chevron.  IADC recently began offering two-year access to KREW with WellSharp Live. Effective 1 May, WellSharp Live test codes and certificates for Driller and Supervisor level certification courses ...

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Permian sees the start of a cautious recovery

Rig count and wells drilled are expected to rise this year, but return to pre-downturn activity won’t happen at current operator spending levels By Stephen Whitfield, Associate Editor Like all other US shale basins, activity in the Permian Basin took a significant blow last year amid the oil price crash. But things appear to be looking up, with the International Energy Agency estimating a 5.5 million bbl/day rebound in global oil demand this year and WTI staying above $50/bbl since 7 January. The scene appears set for a recovery in the Permian.  However, the length of the road back to pre-pandemic activity levels is still uncertain. Permian rig count had peaked at 418 the week of 13 March last year, ...

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Exploration boom in Guyana-Suriname: high dollar, high stakes

Giant-sized discoveries and low breakevens continue to fan enthusiasm for this South American basin despite recent disappointments By Stephen Whitfield, Associate Editor Just offshore the countries of Guyana and Suriname is a basin that has become the focal point of a major South American oil boom. With ExxonMobil making 18 discoveries in the Stabroek Block offshore Guyana since 2015 and Total making four discoveries at Block 58 offshore Suriname since January 2020, the area continues to generate significant attention from all stakeholders. For offshore drilling contractors specifically, anticipation is high that this emerging region could help to boost both near-term and long-term rig demand.  The Guyana-Suriname Basin currently has eight active rigs, up from five in 2020. ExxonMobil, the only operator ...

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Evolution of BP’s self-verification encompasses digital app, targeting of barriers at component level

Over the past decade, self-verification has come to play a significant role within BP’s Wells organization when it comes to mitigating major accident risk. The program has been continuously updated and enhanced through the addition of barrier enablers and barrier owners, the development of a digital self-verification app, and the targeting of barriers at a component level. This work was detailed in a presentation at the 2021

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Industry investment and regulatory support needed to tap full potential of Vaca Muerta, Brazilian pre-salt gas

South America has huge potential associated with huge volumes of natural gas – particularly in Argentina’s Vaca Muerta shale and Brazil’s pre-salt offshore basins – but so far much of that potential remains untapped. Unlocking these resources fully will require improvements in regulations, market economics and infrastructure, according to panelists at a CERAWeek session on 3 March. 

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