Drilling
Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
Drilling experts recently shared candid views on what will be required for their segment of the upstream business to move to the next stage of development.
This year, we observed a notable increase in activity centered on physical technologies, including cementing tools, zonal isolation barriers, and cement evaluation systems.
-
The number of units that have been cold stacked since 2016 are in the double digits. Reactivation costs for these rigs range from $40 million to $100 million. Given current rates and contract durations, most of these are unlikely to return to work. -
When a plug gets stuck in a well, consider the cause. Often stuck fracturing tools are a warning sign of casing trouble. Companies that have investigated plug problems have been surprised by the findings.
-
Specifically targeting ingrained thinking, the selected papers demonstrate the game-changing results that can be achieved even when targeting long-established norms. They demonstrate everything that our industry should be proud of and what we strive for.
-
The complete paper provides an approach using machine-learning and sequence-mining algorithms for predicting and classifying the next operation based on textual descriptions.
-
Traditionally, a wellhead system requires a drilling lockdown sleeve (LDS) during drilling operations to ensure that the seal assembly is rigid and prevents dynamic movement. By eliminating the LDS, however, the operator will save multiple trips into the well.
-
Critics of the new rule call it a de facto ban on new drilling and completions that will affect large portions of the state’s undeveloped oil and gas properties.
-
President Trump expanded a ban on exploratory drilling off the coasts of North Carolina and Virginia, his latest extension of an existing offshore drilling moratorium in the Gulf of Mexico.
-
SponsoredWhile more operators than ever are digitizing their operations, they also need to consider the advantages of selecting a scheduling software. This White Paper illustrates the benefits of selecting AI-powered scheduling software that properly addresses the total needs of a drilling program.
-
The service companies plan to co-market an emerging well control system that can integrate with established managed-pressure-drilling components to enhance well construction safety and efficiency.
-
Rystad Energy compared the decommissioning costs based on two similar steel platforms, one in each region, using its cost-estimating tool.
