The downturn has put increased pressure on the oil and gas industry to become more efficient, particularly because many analysts and executives are expecting low oil prices to linger for some time. This reality was reflected in the theme of the 2018 SPE/IADC Middle East Drilling Technology Conference, ”Building on today’s efficiencies for tomorrow’s market,” held in Abu Dhabi, UAE. In this video from the conference on 29 January, Jim Thorn, IADC Division Vice President-International Onshore, explains how the conference’s theme is applicable to offshore drilling contractors. He also discusses some of the challenges, particularly around staffing and training, confronting offshore contractors in 2018 as their activity is expected to ramp up.
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