North Sea operators drilling varied projects

It is a foregone conclusion that North Sea oil production is winding down, but there is still huge potential for additional oil and a great quantity of natural gas. Advanced drilling and production technologies incorporating real-time "smart" operations show promise. Increased collaboration and cooperative arrangements should improve efficiency. Baker Hughes Inc.'s international rotary rig count for February listed 43 rigs operating offshore Europe in February 2004, up 7 from January, but down 4 from February 2003, with rigs in Denmark (5), Germany (1), the Netherlands (4), Norway (19), and the UK (13). Click here to enlarge imageThe North Sea oil industry has seen heavy job cuts in ...

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