Challenging wells require greater rig capabilities, enabling technologies

01/07/2002
"Efficient and capable rigs will get the exploration and development work. Enabling technologies will be critical to an operator´s success."Drilling rigs that have been renovated with capacity and efficiency enhancements and efficient newbuild rigs will enjoy higher utilization rates in the year ahead and long term.In mature petroleum basins, oil and gas wells become increasingly difficult to drill and complete as operators are forced to focus on deeper horizons, more difficult to find reserves, and often lower quality reservoir rocks. Much of the reserves produced in the future will be beyond the capability of older, less efficient drilling equipment. Efficient and capabl...
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